Morgan Stanley to price capped leveraged notes tied to S&P 500

By Sarah Lizee

Olympia, Wash., May 19 – Morgan Stanley Finance LLC plans to price 0% capped leveraged notes due in between 18 and 21 months 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.

The payout at maturity will be par plus 300% of any index gain, up to a maximum settlement amount of between $1,210.00 and $1,246.30 per $1,000 of notes.

Investors will be fully exposed to any decline in the index.

Morgan Stanley & Co. LLC is the agent.

The Cusip number is 61771BEX8.

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