Morgan Stanley plans buffered PLUS linked to iShares MSCI EAFE, EM

By Susanna Moon

Chicago, March 15 – Morgan Stanley Finance LLC plans to price 0% buffered Performance Leveraged Upside Securities due March 2021 linked to a basket consisting of two exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The basket consists of the iShares MSCI EAFE ETF with a 70% weight and the iShares MSCI Emerging Markets ETF with a 30% weight.

The payout at maturity will be par plus at least 125.5% of any basket gain.

Investors will receive par if the basket falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.

Morgan Stanley & Co. LLC is the agent.

The notes will price and settle in March.

The Cusip number is 61768CFZ5.

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