Morgan Stanley to price buffered participation securities on Russell

By Sarah Lizee

Olympia, Wash., Oct. 29 – Morgan Stanley Finance LLC plans to price 0% buffered participation securities due May 5, 2022 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The payout at maturity will be par plus any index gain, capped at par plus 27.5%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond the 10% buffer.

Morgan Stanley & Co. LLC is the agent.

The notes (Cusip: 61770C525) will price Oct. 31.

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