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Morgan Stanley plans dual directional buffered PLUS tied to Euro Stoxx
By Marisa Wong
Madison, Wis., Jan. 7 - Morgan Stanley plans to price 0% dual directional buffered Performance Leveraged Upside Securities due January 2015 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par of $10.00 plus double the gain, up to a maximum return of 19.5% to 23.5%. The exact cap will be set at pricing.
If the index finishes below the initial level but at or above the 85% buffer level, the payout will be par plus the absolute value of the return.
Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.
The notes (Cusip: 61761M243) are expected to price and settle in January.
Morgan Stanley & Co. LLC is the agent.
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