Morgan Stanley plans trigger PLUS on Financial Select SPDR fund

By Jennifer Chiou

New York, Oct. 17 - Morgan Stanley plans to price 0% trigger Performance Leveraged Upside Securities due October 2014 linked to the Financial Select Sector SPDR fund, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 130% to 138% of any increase in the fund.

Investors will receive par if the fund share price falls up to 40% and will be fully exposed to the decline from the initial price if the fund share price drops by more than 40%.

The notes (Cusip: 61760T140) are expected to price on Oct. 25 and settle on Oct. 28.

Morgan Stanley & Co. LLC is the agent.

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