Morgan Stanley plans notes with averaging feature linked to three ETFs

By Angela McDaniels

Tacoma, Wash., Jan. 3 - Morgan Stanley plans to price 0% market-linked notes due July 2019 linked to the average value on quarterly determination dates of an equally weighted basket composed of the iShares MSCI EAFE index fund, the iShares MSCI Emerging Markets index fund and the WisdomTree Japan Hedged Equity Fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus the average basket return, subject to a minimum payout of par. The average basket return will be the percentage change from the initial basket level to the average basket level, which will be the average of the basket's closing levels on 22 quarterly determination dates.

Morgan Stanley & Co. LLC is the agent.

The notes will price in January and settle in February.

The Cusip number is 61760S126.

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