Morgan Stanley to price leveraged buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., March 11 – Morgan Stanley plans to price 18- to 21-month 0% leveraged buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum settlement amount of $1,147 to $1,171 per $1,000 principal amount of notes. If the index return is zero or negative but not below negative 5%, the payout will be par. If the index return is below negative 5%, investors will lose 1.0526% for every 1% that the index declines beyond 5%.

Morgan Stanley & Co. LLC is the agent.

The notes will price and settle in March.

The Cusip number is 61761J2M0.

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