Morgan Stanley to price leveraged buffered notes linked to S&P 500

By Sarah Lizee

Olympia, Wash., Dec. 14 – Morgan Stanley Finance LLC plans to price 0% leveraged buffered notes due in 25 to 28 months linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, up to a maximum settlement amount of $1,223.05 to $1,261.60 for each $1,000 principal amount of notes.

Investors will receive par if the index falls by up to 15% and will lose 1.1765% for every 1% decline beyond the buffer.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The Cusip number is 61768DUN3.

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