Morgan Stanley plans autocallable PLUS linked to Financial Select SPDR

By Susanna Moon

Chicago, Dec. 9 – Morgan Stanley plans to price autocallable Performance Leveraged Upside Securities due Dec. 21, 2017 linked to the Financial Select Sector SPDR Fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at 110% of par if the fund closes at or above the 110% call threshold level on June 16, 2016.

The payout at maturity will be par of $10 plus 150% of any fund gain, up to a maximum return of 32%.

Investors will be exposed to any losses.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Dec. 16.

The Cusip number is 48127Y128.

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