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Morgan Stanley plans leveraged buffered notes due 2017 tied to indexes
By Susanna Moon
Chicago, July 13 – Morgan Stanley plans to price 0% leveraged buffered notes linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The notes will mature between 25 and 28 months after pricing, or in August 2017 to November 2017, with the exact deal terms to be set at pricing.
The payout at maturity will be par plus 140% of any basket gain, up to a maximum return of 23.8% to 27.3%.
Investors will receive par if the basket falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.
Morgan Stanley & Co. LLC is the agent.
The notes will price and settle in July.
The Cusip number is 61761JD22.
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