Morgan Stanley plans buffered return notes linked to Brent blend crude

By Susanna Moon

Chicago, May 1 - Morgan Stanley plans to price 0% buffered return enhanced notes due Aug. 8, 2014 linked to the Brent blend crude oil, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.99 times any gain in the price of Brent blend crude oil, up to a maximum of $1,199 per $1,000 principal amount.

Investors will receive par if the price of crude falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

Morgan Stanley & Co. LLC is the agent.

The notes will price on May 3 and settle on May 8.

The Cusip number is 6174824K7.

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