Morgan Stanley Sells 34.5 Million Lira of Discount Notes

The following uridashi bond went on sale. Uridashi bonds are debt issued in the euromarket and sold mainly to Japanese individual investors.

Issuer: Morgan Stanley (MS) Amount: 34.5 million Turkish Lira Coupon: 0.50% (Jan. 11, 2012 - Jan. 10, 2014)

0.55% (Jan. 11, 2014 - Jan. 10, 2017) Issue Price: 66.2 percent of face value Duration: 5 years Sales period: Dec. 14 - Jan. 10 Settlement date: Jan. 11, 2012 Maturity: Jan. 11, 2017 Uridashi Manager: Takagi Securities Co.

To contact the reporter on this story: Harumi Ichikura in London at hichikura@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

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