Morgan Stanley plans to price buffered PLUS linked to S&P 500 index

By Toni Weeks

San Diego, Jan. 20 - Morgan Stanley plans to price 0% Performance Leveraged Upside Securities due January 2014 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 plus double any gain in the index, up to a maximum payment of $12.30 to $12.50 per $10 principal amount. The exact maximum payment will be set at pricing.

Investors will receive par if the index declines by up to 10% and will share in losses beyond the buffer.

The notes (Cusip: 61760T371) are expected to price and settle in January.

Morgan Stanley & Co. LLC will be the agent, and Morgan Stanley Smith Barney LLC will act as distributor.

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