Obligation Morgan Stanleigh 4.625% ( US61760LFF76 ) en USD

Morgan Stanleigh

94.66 % ▼

Etas-Unis

US61760LFF76 ( en USD )

4.625% par an ( paiement semestriel )

16/01/2034

Prospectus brochure de l'obligation Morgan Stanley US61760LFF76 en USD 4.625%, échéance 16/01/2034

1 000 USD

2 348 000 USD

61760LFF7

A- ( Qualité moyenne supérieure )

A1 ( Qualité moyenne supérieure )

16/07/2025 ( Dans 10 jours )

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.

Morgan Stanley a émis une obligation (US61760LFF76/61760LFF7) de 2 348 000 USD, négociée actuellement à 96,144 % de sa valeur nominale, avec un taux d?intérêt de 4,625 %, une maturité fixée au 16/01/2034, une fréquence de paiement semestrielle, une taille minimale d?achat de 1 000 USD, et notée A- par S&P et A1 par Moody's.

http://www.sec.gov/Archives/edgar/data/895421/000095010314000242/...
424B2 1 dp43116_424b2-ps1234.htm FORM 424B2
CALCULATION OF REGISTRATION FEE

Maximum Aggregate

Amount of Registration
Title of Each Class of Securities Offered

Offering Price

Fee
Fixed Rate Senior Notes due 2034

$2,348,000

$302.42

PROSPECTUS Dated November 21, 2011
Pricing Supplement No. 1234 to
PROSPECTUS SUPPLEMENT Dated November 21, 2011
Registration Statement No. 333-178081
Dated January 13, 2014
Rule 424(b)(2)

GLOBAL MEDIUM-TERM NOTES, SERIES F
Fixed Rate Senior Notes Due January 16, 2034
We, Morgan Stanley, will issue the Global Medium-Term Notes, Series F, Fixed Rate Senior Notes Due January 16, 2034 (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 where a scheduled
interest payment date is not a business day (the following unadjusted business day convention), 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-Fixed Rate Debt Securities," subject to and as modified by the provisions described below.

Principal Amount:
$2,348,000

Interest Payment Period:
Semi-annually
Maturity Date:
January 16, 2034

Interest Payment Dates:
Each July 16 and January

16 commencing July 16,

2014
Settlement Date
January 16, 2014

Call Price:
NA
(Original Issue Date):

Interest Accrual Date:
January 16, 2014

First Call Date:
NA
Issue Price:
100%

Call Frequency:
NA
Commissions:
3.000%

Business Day:
New York
Proceeds to Morgan
$2,277,560.00

Minimum Denominations:
$1,000 and integral
Stanley:

multiples of $1,000 in

excess thereof
Specified Currency:
U.S. dollars

Survivor's Option:
No
Redemption Percentage at
100%

CUSIP:
61760 LFF7
Maturity:

4.625% per annum
Other Provisions:
None
(calculated on
Interest Rate:
a 30/360 day count basis)

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.

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.

1 of 3
1/14/2014 4:25 PM

http://www.sec.gov/Archives/edgar/data/895421/000095010314000242/...

2 of 3
1/14/2014 4:25 PM

http://www.sec.gov/Archives/edgar/data/895421/000095010314000242/...

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 amounts
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
$2,348,000
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, MS & 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.

3 of 3
1/14/2014 4:25 PM