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Morgan Stanley plans trigger PLUS with 25.75% cap tied to S&P 500
By Marisa Wong
Madison, Wis., Oct. 28 - Morgan Stanley plans to price 0% trigger Performance Leveraged Upside Securities due November 2016 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 index gain, subject to a maximum return of 25.75%.
Investors will receive par if the index falls by up to 20% and will be fully exposed to any losses if the index falls to or below the 80% trigger level.
Morgan Stanley & Co. LLC is the agent.
The notes will price in October and settle in November.
The Cusip number is 61762W448.
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