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Morgan Stanley plans to price trigger PLUS linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., Sept. 16 - Morgan Stanley plans to price 0% trigger Performance Leveraged Upside Securities due Sept. 29, 2015 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 140% to 150% of any increase in the index. The exact leverage factor will be set at pricing.
If the final index level is greater than 50% of the initial level and less than or equal to the initial level, the payout will be par.
If the final index level is 50% of the initial level or less, investors will be fully exposed to the index decline from the initial level.
The notes (Cusip: 617482YK4) will price Sept. 26 and settle Sept. 29.
Morgan Stanley & Co. LLC is the agent.
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