Morgan Stanley eyes 25- to 28-month leveraged buffered notes on S&P 500

By Sarah Lizee

Olympia, Wash., Sept. 17 – Morgan Stanley Finance LLC plans to price 0% 25- to 28-month leveraged buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the index finishes above its initial level, the payout at maturity will be par plus 150% of the index return, subject to a maximum payout of $1,183.30 to $1,215.10 per $1,000 principal amount. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.

Morgan Stanley & Co. LLC is the agent.

The Cusip number is 61769HVP7.

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