New Issue: Morgan Stanley prices $1.59 million notes tied to WTI light sweet crude

By Marisa Wong

Madison, Wis., Nov. 4 - Morgan Stanley priced $1.59 million of 0% commodity-linked notes due April 29, 2019 tied to the West Texas Intermediate light sweet crude oil, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the price of WTI light sweet crude oil, subject to a minimum payment of par.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Commodity-linked notes
Underlying commodity:	West Texas Intermediate light sweet crude oil
Amount:	$1,594,000
Maturity:	April 29, 2019
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus double any price gain; minimum payout of par
Initial price:	$96.38
Pricing date:	Oct. 31
Settlement date:	Nov. 5
Agent:	Morgan Stanley & Co. LLC
Fees:	3.5%
Cusip:	61762GAG9

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