Morgan Stanley plans buffered PLUS due 2016 linked to S&P 500

By Jennifer Chiou

New York, Oct. 3 - Morgan Stanley plans to price 0% buffered Performance Leveraged Upside Securities due April 2016 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus double any index gain, up to a maximum payout of $11.85 per note.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% drop beyond 10%.

The notes (Cusip: 61762W240) are expected to price in October and settle in November.

Morgan Stanley & Co. LLC is the agent with Morgan Stanley Smith Barney LLC as the dealer.

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