Morgan Stanley plans return optimization notes on Energy Select SPDR

By Marisa Wong

Morgantown, W.Va., Sept. 18 – Morgan Stanley plans to price 0% return optimization securities due Oct. 31, 2016 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 of $10 plus triple any index gain, up to a maximum return of 20% to 25%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as the dealer.

The notes will price on Sept. 25 and settle on Sept. 30.

The Cusip number is 61765R446.

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