Morgan Stanley plans buffered notes linked to SPDR S&P Oil & Gas fund

By Susanna Moon

Chicago, July 2 – Morgan Stanley plans to price 0% buffered participation securities due September 2016 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any fund gain, up to a maximum return of $1,132.50 to $1,137.50 for each $1,000 principal amount.

Investors will receive par if the fund falls by up to the 15% buffer and will lose 1.1765% for every 1% decline beyond 15%.

Morgan Stanley & Co. LLC is the agent.

The notes will price in July.

The Cusip number is 61761JC56.

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