Morgan Stanley plans two-year lookback entry PLUS linked to S&P 500

By Marisa Wong

Madison, Wis., March 7 - Morgan Stanley plans to price 0% lookback entry Performance Leveraged Upside Securities due March 2016 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The initial index level will be the lowest closing level of the index during the two months from pricing to May. The maximum lookback value will be the index closing level at pricing.

The payout at maturity will be par plus 150% of any index gain, up to a maximum return of 31% to 35%. The exact cap will be set at pricing.

Investors will be fully exposed to any losses.

Morgan Stanley & Co. LLC is the agent.

The notes will price in March and settle in April.

The Cusip number is 61761M706.

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