Morgan Stanley plans 18-month market plus notes linked to S&P 500

By Susanna Moon

Chicago, June 27 – Morgan Stanley Finance LLC plans to price 0% market plus notes due Jan. 2, 2020 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

A knock-out event occurs if the index finishes below the initial level by more than the 18.9% knock-out buffer amount.

If a knock-out event does not occur, the payout at maturity will be par plus the greater of the index return and the contingent minimum return of 0%.

If the index finishes below the 81.1% knock-out level, the payout will be par plus the index return, with full exposure to any losses.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.

The notes will price on June 29.

The Cusip number is 61768C6G7.

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