Morgan Stanley plans leveraged buffered notes tied to SPDR S&P Bank

By Susanna Moon

Chicago, March 10 – Morgan Stanley plans to price 0% 18- to 21-month leveraged buffered notes linked to the SPDR S&P Bank exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any fund gain, up to a maximum settlement amount of $1,290 to $1,340 per $1,000 principal amount of notes.

Investors will receive par if the fund falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

The exact deal terms, including maturity date and cap, will be set at pricing.

Morgan Stanley & Co. LLC is the agent.

The notes will price and settle in March.

The Cusip number is 61761J2F5.

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