Morgan Stanley plans accelerated return securities on energy fund

By Marisa Wong

Morgantown, W.Va., Aug. 21 – Morgan Stanley Finance LLC plans to price 0% accelerated return securities due Sept. 3, 2019 linked to the Energy Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

If the fund return is positive, the payout at maturity will be par plus 148% of the fund gain. Investors will be fully exposed to any fund decline.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Aug. 28.

The Cusip number is 61768CNM5.

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