Morgan Stanley aims to price return optimization securities on S&P 500

By Devika Patel

Knoxville, Tenn., March 17 – Morgan Stanley plans to price 0% return optimization securities due May 30, 2017 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 triple any gain in the index, subject to a maximum gain of 13.5% to 15.5%. The exact cap will be set at pricing.

Investors will be fully exposed to any losses.

Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the agents.

The notes (Cusip: 61766A202) will price on March 24 and settle on March 30.

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