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Morgan Stanley plans leveraged buffered notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Nov. 30 – Morgan Stanley Finance LLC plans to price 23- to 26-month 0% leveraged buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is positive, the payout at maturity will be par plus 150% of the gain, subject to a maximum settlement amount that is expected to be $1,220.65 to $1,259.50 per $1,000 principal amount and will be set at pricing. Investors will receive par if the index declines by up to 12.5% and will lose 1.1429% for every 1% that the index may decline beyond 12.5%.
Morgan Stanley & Co. LLC is the agent.
The Cusip number is 61768CCJ4.
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