Morgan Stanley plans PLUS due 2016 linked to S&P GSCI Crude Oil

By Marisa Wong

Madison, Wis., Dec. 23 – Morgan Stanley plans to price 0% Performance Leveraged Upside Securities due December 2016 linked to the S&P GSCI Crude Oil Index - Excess Return, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus 300% of any fund gain, up to a maximum return of 48%.

Investors will be exposed to any losses.

Morgan Stanley & Co. LLC is the underwriter.

The notes will price and settle in December.

The Cusip number is 61762GCS1.

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