Morgan Stanley plans PLUS with cap linked to S&P 500, Russell 2000

By Marisa Wong

Madison, Wis., April 29 - Morgan Stanley plans to price 0% Performance Leveraged Upside Securities due May 31, 2016 linked to the worst performing of the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

If both indexes finish above their initial level, the payout at maturity will be par plus the 1.5 times leveraged upside performance of the worst performing underlying index, up to a maximum payout of $1,300 to $1,360 per $1,000 principal amount. The exact cap will be set at pricing.

Otherwise, investors will lose 0.5% for every 1% decline in the worst performing underlying index.

Morgan Stanley & Co. LLC is the agent.

The notes will price on May 24 and settle on May 30.

The Cusip number is 61761JFZ7.

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