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Morgan Stanley plans dual directional trigger PLUS tied to Euro Stoxx 50
By Jennifer Chiou
New York, May 3 - Morgan Stanley plans to price 0% dual directional trigger Performance Leveraged Upside Securities due May 2016 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 150% of the gain, capped at 57% to 62%.
If the index falls but finishes at or above the 80% trigger level, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
The notes (Cusip: 61762E281) are expected to price in May and settle in June.
Morgan Stanley & Co. LLC is the agent.
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