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Published on 7/2/2013 in the Prospect News Structured Products Daily.

Morgan Stanley plans market-linked notes tied to the Dow

By Toni Weeks

San Luis Obispo, Calif., July 2 - Morgan Stanley plans to price 0% market-linked notes due June 2018 tied to the Dow Jones industrial average, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the average index percent change, which is (A) (i) the average of the index closing values on the 20 quarterly determination dates over the term of the notes minus (ii) the initial index value divided by (B) the initial index value.

If the average index percent change is negative, the payout will be par.

The notes (Cusip: 61762P146) are expected to price in July and settle in August.

Morgan Stanley & Co. LLC is the agent with Morgan Stanley Smith Barney LLC as dealer.


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