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Morgan Stanley to sell leveraged buffered notes tied to S&P 500 index
By Devika Patel
Knoxville, Tenn., Nov. 23 – Morgan Stanley Finance LLC plans to price 24- to 27-month 0% leveraged buffered notes linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The tenor of the notes will be set at pricing.
If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum settlement amount that is expected to be between $1,175.65 and $1,206.55 per $1,000 of notes and will be set at pricing.
Investors will receive par if the index declines by up to 10% and will lose 1.1111% for every 1% decline beyond the 10% buffer.
Morgan Stanley & Co. LLC is the agent.
The Cusip is 61768CCG0.
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