Morgan Stanley plans trigger PLUS linked to iShares MSCI Brazil fund

By Jennifer Chiou

New York, Nov. 26 – Morgan Stanley plans to price 0% trigger Performance Leveraged Upside Securities due December 2018 linked to the iShares MSCI Brazil Capped exchange-traded fund, according to an FWP with the Securities and Exchange Commission.

If the final share price is greater than the initial share price, the payout at maturity will be par plus 300% of the ETF return, subject to a maximum return of 72%.

If the final share price is less than or equal to the initial share price but is greater than the trigger level, 85% of the initial share price, the payout will be par.

If the final share price is less than or equal to the trigger level, investors will lose 1% for every 1% that the final share price is less than the initial share price.

The notes (Cusip: 61764M125) will price in November and settle in December.

Morgan Stanley & Co. LLC is the agent.

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