Morgan Stanley plans contingent buffer equity notes tied to JPX-Nikkei

By Tali Rackner

Norfolk, Va., Oct. 7 – Morgan Stanley plans to price 0% contingent buffer equity notes due Oct. 26, 2016 linked to the JPX-Nikkei index 400, according to an FWP filing with the Securities and Exchange Commission.

A knock-out event will occur if the final index value closes below the 85% knock-out level.

If a knock-out event has not occurred, the payout at maturity will be par of $1,000 plus the greater of the contingent minimum return of 0% and any index gain, up to a maximum payment of $1,180.

If a knock-out event has occurred, the payout will be par plus the index return, with full exposure to any losses.

Morgan Stanley & Co. LLC is the agent with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.

The notes will price on Oct. 9 and settle on Oct. 15.

The Cusip number is 61761JN54.

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