New Issue: Morgan Stanley prices $6.38 million trigger PLUS on seven commodities

By Marisa Wong

Madison, Wis., May 2 - Morgan Stanley priced $6.38 million of 0% trigger Performance Leveraged Upside Securities due Nov. 4, 2014 linked to an equally weighted basket of commodities, according to a 424B2 filing with the Securities and Exchange Commission.

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

The payout at maturity will be par plus 160% of any basket gain.

Investors will receive par if the basket falls up to 10% and will be fully exposed to any losses if the basket finishes below the 90% trigger level.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Trigger Performance Leveraged Upside Securities
Underlying basket:	Copper, cotton, RBOB gasoline, live cattle, palladium, soybeans, West Texas Intermediate light sweet crude oil; equally weighted
Amount:	$6,376,000
Maturity date:	Nov. 4, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 160% of any basket gain; par if basket falls by up to 10%; otherwise, full exposure to any losses
Trigger level:	90% of the initial level
Pricing date:	April 30
Settlement date:	May 5
Agent:	Morgan Stanley & Co. LLC
Fees:	1.5%
Cusip:	61762GBJ2

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