New Issue: Morgan Stanley prices $2.1 million trigger jump notes due 2017 linked to commodities

By Susanna Moon

Chicago, July 3 – Morgan Stanley priced $2.1 million of 0% trigger jump securities due Jan. 5, 2017 linked to a basket of six equally weighted commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying commodities are West Texas Intermediate light sweet crude oil, RBOB gasoline, copper, palladium, soybeans and cotton.

If the basket finishes above its initial level, the payout at maturity will equal par plus the greater of the return and the upside payment of 12%.

Investors will receive par if the basket falls by up to 20% and will be fully exposed to any losses if the basket finishes below the 80% trigger level.

Morgan Stanley & Co. LLC is the underwriter.

Issuer:	Morgan Stanley
Issue:	Trigger jump securities
Underlying basket:	West Texas Intermediate light sweet crude oil, RBOB gasoline, copper, palladium, soybeans and cotton, equally weighted
Amount:	$2,102,000
Maturity:	Jan. 5, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain, floor of 12%; par for losses up to 20%; fully exposure to any losses if basket falls below trigger
Trigger level:	80% of initial level
Pricing date:	June 30
Settlement date:	July 3
Agent:	Morgan Stanley & Co. LLC
Fees:	2.25%
Cusip:	61762GBR4

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