Morgan Stanley plans partial principal at risk notes on Brent crude

By Toni Weeks

San Diego, April 26 - Morgan Stanley plans to price 0% commodity-linked partial principal at risk securities due May 6, 2014 linked to Brent blend crude oil, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be 1.5 times the commodity return, subject to a maximum payment of $1,300 per $1,000 security. Investors will be exposed to a loss of up to 5% in the commodity return and will receive a minimum of $950 per note at maturity.

The notes (Cusip: 617482TP9) are expected to price on April 29 and settle May 6.

Morgan Stanley & Co. Inc. is the co-agent along with leads J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA.

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