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Morgan Stanley plans to price trigger PLUS linked to S&P 500 index
By Marisa Wong
Madison, Wis., Dec. 4 - Morgan Stanley plans to price 0% trigger Performance Leveraged Upside Securities due Dec. 27, 2017 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 150% of any gain in the index.
Investors will receive par if the index falls up to 40% and will be fully exposed to losses from the initial level if it drops 40% or more.
The notes (Cusip: 61761JAK5) are expected to price Dec. 21 and settle Dec. 27.
Morgan Stanley & Co. LLC is the agent.
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