Morgan Stanley plans PLUS with cap linked to Financial Select SPDR

By Susanna Moon

Chicago, June 3 – Morgan Stanley plans to price 0% Performance Leveraged Upside Securities due Oct. 5, 2016 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any gain in the fund, up to a maximum return of 12.6%.

Investors will be exposed to any losses.

Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management handling distribution.

The notes will price on June 30 and settle on July 6.

The Cusip number is 61765G275.

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