Morgan Stanley amends settlement, maturity of dual directional trigger PLUS tied to crude oil index

By Toni Weeks

San Diego, June 26 - Morgan Stanley amended the settlement and maturity dates for its offering of 0% dual directional trigger Performance Leveraged Upside Securities linked to the S&P GSCI Brent Crude Index - Excess Return, according to an FWP filing with the Securities and Exchange Commission.

The securities will now settle in July and mature in July 2014. Previously, the notes were expected to be issued in June and mature in June 2014.

As previously reported, the payout at maturity will be par plus 1.5 times any gain in the index, up to a maximum payment of $1,370 to $1,420 per $1,000 principal amount. The exact cap will be set at pricing.

If the index finishes below its initial level but at or above the 80% trigger level, the payout will be par plus the absolute value of the return.

Otherwise, investors will be fully exposed to any losses if the index falls below the trigger level.

Morgan Stanley & Co. LLC is the agent with Morgan Stanley Smith Barney LLC as dealer.

The Cusip number is 617482N75.

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