Morgan Stanley plans buffered PLUS with 15% cap linked to Russell 2000

By Susanna Moon

Chicago, July 26 - Morgan Stanley plans to price 0% buffered Performance Leveraged Upside Securities due Nov. 28, 2014 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, up to a maximum payout of $1,150 per $1,000 principal amount.

Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% drop beyond 15%.

Morgan Stanley & Co. LLC is the agent.

The notes will price and settle in July.

The Cusip number is 61761JKC2.

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