Morgan Stanley plans two-year buffered return optimization notes linked to S&P MidCap via UBS

By Susanna Moon

Chicago, May 4 - Morgan Stanley plans to price 0% buffered return optimization securities due May 31, 2013 linked to the S&P MidCap 400 index, according to an FWP filing with the Securities and Exchange Commission.

UBS Financial Services Inc. is the underwriter, and Morgan Stanley & Co. Inc. is the agent.

The payout at maturity will be par of $10 plus 1.25 times any gain in the index, up to a maximum return of 18.5% to 22.5%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

The notes will price on May 25 and settle on May 31.

The Cusip number is 61760E689.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.