Morgan Stanley to price PLUS linked to five exchange-traded funds

By Toni Weeks

San Diego, Aug. 3 - Morgan Stanley plans to price 0% Performance Leveraged Upside Securities due August 2013 linked to a basket containing five exchange-traded funds, according to an FWP filing with the Securities and Exchange Commission.

The equally weighted basket components are the WisdomTree India Earnings fund, the iShares MSCI South Korea index fund, the iShares MSCI Malaysia index fund, the iShares MSCI Mexico Investable Market index fund and the iShares Silver Trust.

The payout at maturity will be par plus 1.5 times any gain in the basket, up to a maximum payment of $12.50 to $12.90 per $10.00 principal amount. The exact maximum payment will be determined at pricing.

Investors will be fully exposed to any basket decline.

The notes (Cusip: 61760E259) are expected to price and settle in August.

Morgan Stanley & Co. LLC is the agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.