Morgan Stanley plans trigger performance securities linked to S&P 500

By Jennifer Chiou

New York, July 10 - Morgan Stanley plans to price 0% trigger performance securities due July 31, 2018 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 plus 135% to 145% of any index gain, with the exact participation rate to be set at pricing.

Investors will receive par if the index falls by up to 40% and will be fully exposed to any losses if the index finishes below the 60% trigger level.

The notes (Cusip: 61762E877) are expected to price on July 26 and settle on July 31.

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

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