Morgan Stanley plans market plus notes linked to S&P 500 index

By Jennifer Chiou

New York, Jan. 24 - Morgan Stanley plans to price 0% market plus notes due July 30, 2014 linked to the S&P 500 index, according to a term sheet.

A knock-out event occurs if the index ever closes below the 74% barrier level during the life of the notes.

If a knock-out event never occurs, the payout at maturity will be par plus the greater of any index gain and zero.

Otherwise, investors will be fully exposed to any losses.

The notes (Cusip: 61761JBS7) are expected to price on Jan. 25 and settle on Jan. 30.

Morgan Stanley & Co. LLC is the agent.

© 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.