Obligation Morgan Stanleigh 1.406% ( US61760LCZ67 ) en USD

Morgan Stanleigh

100 % ▼

Etas-Unis

US61760LCZ67 ( en USD )

1.406% par an ( paiement semestriel )

28/03/2023 - Obligation échue

Prospectus brochure de l'obligation Morgan Stanley US61760LCZ67 en USD 1.406%, échue

1 000 USD

540 000 USD

61760LCZ6

A- ( Qualité moyenne supérieure )

A1 ( Qualité moyenne supérieure )

Morgan Stanley est une firme mondiale de services financiers offrant des services de banque d'investissement, de gestion de patrimoine et de courtage à une clientèle institutionnelle et privée.

L'obligation Morgan Stanley (US61760LCZ67, CUSIP 61760LCZ6), émise aux États-Unis pour un montant total de 540 000 USD avec un prix actuel de 100%, un taux d'intérêt de 1,406%, une taille minimale d'achat de 1 000 USD, une maturité le 28/03/2023, une fréquence de paiement semestrielle et notée A- par S&P et A1 par Moody's, est arrivée à maturité et a été remboursée.

http://www.sec.gov/Archives/edgar/data/895421/000095010313001979/...
424B2 1 dp37181_424b2-ps687.htm FORM 424B2

CALCULATION OF REGISTRATION FEE

Maximum Aggregate
Amount of Registration

Title of Each Class of Securities Offered
Offering Price
Fee
Floating Rate Senior Notes due 2023

$540,000

$73.66

PROSPECTUS Dated November 21, 2011
Pricing Supplement No. 687 to
PROSPECTUS SUPPLEMENT Dated November 21, 2011
Registration Statement No. 333-178081

Dated March 25, 2013

Rule 424(b)(2)
GLOBAL MEDIUM-TERM NOTES, SERIES F
Floating Rate Senior Notes Due March 28, 2023
We, Morgan Stanley, will issue the Global Medium-Term Notes, Series F, Floating Rate Senior Notes Due March 28, 2023 (the "notes") only in registered
form, which form is further described under "Description of Notes--Forms of Notes" in the accompanying prospectus supplement.
We describe the basic features of the notes, including how interest is calculated, accrued and paid, including the adjustment of scheduled interest payment dates
for business days (except at maturity), in the section of the accompanying prospectus supplement called "Description of Notes" and in the section of the
accompanying prospectus called "Description of Debt Securities--Floating Rate Debt Securities," subject to and as modified by the provisions described below.

Principal Amount:
$540,000

Interest Reset Period:
Quarterly

Maturity Date:
March 28, 2023

Interest Reset Dates:
Each Interest Payment Date

Settlement Date

(Original Issue Date):
March 28, 2013

Interest Determination
The second London banking
Dates:
day prior to each Interest Reset
Date

Interest Accrual Date:
March 28, 2013

Reporting Service:
Reuters (Page LIBOR01)
Issue Price:
100%

Commissions:
1.800%

Call Price:
NA
Proceeds to

Morgan Stanley:
$530,280.00

First Call Date:
NA
Specified Currency:
U.S. dollars

Redemption Percentage

Call Frequency:
NA
at Maturity:
100%

Base Rate:
LIBOR

Business Day:
New York

Spread (Plus or Minus):
Plus 1.10%

Calculation Agent:
The Bank of New York Mellon
(as successor to JPMorgan
Chase Bank, N.A. (formerly
known as JPMorgan Chase
Bank))

Index Maturity:
Three months

Minimum Denominations:
$1,000 and integral multiples
of $1,000 in excess thereof

Index Currency:
U.S. dollars

Survivor's Option:
No
Initial Interest Rate:
The Base Rate plus

CUSIP:
61760LCZ6
1.10% (determined by the
Calculation Agent on the
second London banking day
prior to March 28, 2013)

Other Provisions:
None
Interest Payment Period:
Quarterly

Interest Payment Dates:
Each March 28, June 28,

September 28 and
December 28, commencing
June 28, 2013

Terms not defined herein have the meanings given to such terms in the accompanying prospectus supplement and prospectus, as applicable.

The notes are not bank deposits and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency, nor are they
obligations of, or guaranteed by, a bank.

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http://www.sec.gov/Archives/edgar/data/895421/000095010313001979/...
The Securities and Exchange Commission and state securities regulators have not approved or disapproved these securities, or determined if this pricing
supplement or the accompanying prospectus supplement or the prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
MORGAN STANLEY

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http://www.sec.gov/Archives/edgar/data/895421/000095010313001979/...

Supplemental Information Concerning Plan of Distribution; Conflicts of Interest
On the date first set forth above, we agreed to sell to the manager listed below, and it agreed to purchase, the principal amount of notes set forth opposite its
name below at the "purchase price" for notes. The purchase price for the notes equals the stated Issue Price as set forth above, plus accrued interest, less the
Commissions set forth above.

Name

Principal Amount of Notes

Morgan Stanley & Co. LLC

$540,000

Morgan Stanley & Co. LLC is our wholly-owned subsidiary. This offering will be conducted in compliance with the requirements of FINRA Rule 5121 of the
Financial Industry Regulatory Authority, Inc., which is commonly referred to as FINRA, regarding a FINRA member firm's distribution of the securities of an
affiliate and related conflicts of interest. In accordance with FINRA Rule 5121, Morgan Stanley & Co. LLC may not make sales in this offering to any discretionary
accounts without the prior written approval of the customer.
The manager has agreed that it will not purchase, deliver, offer or sell the notes or possess or distribute offering material in relation to the notes in any
jurisdiction if such purchase, delivery, offer or sale or the possession or distribution of such offering material would not be in compliance with any applicable law or
regulation or if any consent, approval or permission is needed for such purchase, delivery, offer or sale or the possession or distribution by such manager or for or
on behalf of us unless such consent, approval or permission has been previously obtained.
Validity of the Notes
In the opinion of Davis Polk & Wardwell LLP, as special counsel to Morgan Stanley, when the notes offered by this pricing supplement have been executed and
issued by Morgan Stanley, authenticated by the trustee pursuant to the Senior Debt Indenture and delivered against payment as contemplated herein, such notes will
be valid and binding obligations of Morgan Stanley, enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency and similar laws
affecting creditors' rights generally, concepts of reasonableness and equitable principles of general applicability (including, without limitation, concepts of good
faith, fair dealing and the lack of bad faith), provided that such counsel expresses no opinion as to the effect of fraudulent conveyance, fraudulent transfer or similar
provision of applicable law on the conclusions expressed above. This opinion is given as of the date hereof and is limited to the laws of the State of New York and the
General Corporation Law of the State of Delaware. In addition, this opinion is subject to customary assumptions about the trustee's authorization, execution and
delivery of the Senior Debt Indenture and its authentication of the notes and the validity, binding nature and enforceability of the Senior Debt Indenture with respect
to the trustee, all as stated in the letter of such counsel dated November 21, 2011, which is Exhibit 5-a to the Registration Statement on Form S-3 filed by Morgan
Stanley on November 21, 2011.
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