Morgan Stanley plans equity-linked notes with cap, floor on S&P 500

By Susanna Moon

Chicago, June 30 - Morgan Stanley plans to price 0% equity-linked notes due July 28, 2017 tied to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, up to a maximum return of $1,600 to $1,700 per $1,000 principal amount. The exact cap will be set at pricing.

If the index falls, the payout will be $1,060 per $1,000 principal amount.

Morgan Stanley & Co. Inc. is the agent.

The notes will price on July 25 and settle on July 28.

The Cusip is 617482WK6.

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