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Morgan Stanley plans leveraged buffered notes linked to index basket
By Susanna Moon
Chicago, March 16 – Morgan Stanley plans to price 0% 24- to 27-month leveraged buffered notes linked to a basket of indexes, according to a 424B2 filed 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 payout at maturity will be par plus 150% of any basket gain, up to a maximum settlement amount of $1,360.00 to $1,421.50 per $1,000 principal amount of notes.
Investors will receive par if the basket falls by up to 12.5% and will lose 1.1429% for every 1% decline beyond 12.5%.
The exact deal terms, including maturity date and cap, will be set at pricing.
Morgan Stanley & Co. LLC is the agent.
The notes will settle in March.
The Cusip number is 61761J2R9.
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