Morgan Stanley plans buffered PLUS on Energy Select Sector SPDR fund

By Toni Weeks

San Luis Obispo, Calif., Nov. 12 – Morgan Stanley plans to price 0% buffered Performance Leveraged Upside Securities due May 2017 linked to the Energy Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any fund gain, subject to a maximum payment of $1,368 per $1,000 principal amount of notes.

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

Morgan Stanley & Co. LLC is the agent.

The notes will price and settle in November.

The Cusip number is 61761JUT4.

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