Morgan Stanley plans trigger return optimization notes linked to S&P

By Susanna Moon

Chicago, June 11 - Morgan Stanley plans to price 0% trigger return optimization securities due June 30, 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 of $10 plus 1.5 times any index gain, up to a maximum return of 37% to 43%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index falls below the 75% trigger level.

Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.

The notes are expected to price on June 25 and settle on June 28.

The Cusip number is 61762E711.

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