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Morgan Stanley plans leveraged buffered notes linked to S&P 500
By Susanna Moon
Chicago, May 29 – Morgan Stanley plans to price 0% leveraged buffered notes linked to the S&P 500 index due July 2017 to October 2017, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.4 times any index gain, up to the maximum settlement amount of $1,221.20 and $1,259.00 per $1,000 principal amount.
Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for every 1% decline beyond 12.5%.
The exact deal terms will be set at pricing.
Morgan Stanley & Co. LLC is the agent.
The notes will price in May and settle in June.
The Cusip number is 61761JZK8.
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