Morgan Stanley plans buffered PLUS due 2021 linked to S&P 500 index

By Sarah Lizee

Olympia, Wash., Aug. 6 – Morgan Stanley Finance LLC plans to price 0% buffered Performance Leveraged Upside Securities due March 3, 2021 linked to the S&P 500 index, according to an FWP filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any index gain, up to a maximum payout of $12.17 per PLUS.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond the buffer.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management handling distribution.

The notes will price on Aug. 15 and settle on Aug. 20.

The Cusip number is 61768R476.

© 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.