Morgan Stanley plans leveraged buffered notes linked to S&P 500

By Susanna Moon

Chicago, Feb. 6 – Morgan Stanley plans to price 0% leveraged buffered notes due September 2016 to December 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 140% of any index gain, up to a maximum settlement amount of $1,197.40 to $1,229.60 for each $1,000 par amount.

Investors will receive par if the index 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 and settle in February.

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