Morgan Stanley plans trigger return optimization notes on India fund

By Angela McDaniels

Tacoma, Wash., Jan. 16 – Morgan Stanley plans to price 0% trigger return optimization securities due Jan. 31, 2018 linked to the WisdomTree India Earnings Fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par of $10 plus 1.5 times the fund return, subject to a maximum return of 31% to 35% that will be set at pricing.

If the fund return is zero or negative but the final share price is greater than or equal to the trigger level, 80% of the initial share price, the payout will be par.

If the final share price is less than the trigger level, investors will have full exposure to the fund’s decline.

Morgan Stanley & Co. LLC is the agent, and UBS Financial Services Inc. is acting as dealer.

The notes are expected to price Jan. 27 and settle Jan. 30.

The Cusip number is 61764M695.

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