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Morgan Stanley to price buffered PLUS due 2019 linked to index basket
By Devika Patel
Knoxville, Tenn., June 22 – Morgan Stanley Finance LLC plans to sell 0% buffered Performance Leveraged Upside Securities due June 28, 2019 linked to a basket of three indexes, according to an FWP filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The basket consists of the S&P 500 index with a 70% weight, the S&P MidCap 400 index with a 15% weight and the Russell 2000 index with a 15% weight.
The payout at maturity will be par plus 200% of any basket gain, subject to a maximum payout that is expected to be at least $1,179.60 per $1,000 of notes and will be set at pricing.
Investors will receive par if the basket falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
Morgan Stanley & Co. LLC is the agent.
The notes (Cusip: 61768CLV7) will price on June 23 and settle on June 28.
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