Morgan Stanley to price market-linked notes tied to three funds

By Jennifer Chiou

New York, July 8 – Morgan Stanley plans to price 0% market-linked notes due April 2020 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket consists of the iShares MSCI EAFE ETF, the iShares MSCI Emerging Markets ETF and the WisdomTree Japan Hedged Equity Fund.

The payout at maturity will be par plus the supplemental redemption amount, if any. The supplemental redemption amount will be the average of the basket percentage change measured quarterly over the life of the notes.

Investors will receive at least par.

The notes (Cusip: 61761S661) are expected to price and settle in August.

Morgan Stanley & Co. LLC is the agent.

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