Morgan Stanley plans five-year market-linked notes tied to gold

By Toni Weeks

San Diego, Jan. 17 - Morgan Stanley plans to price market-linked notes due Jan. 31, 2017 linked to the performance of gold, according to an FWP filing with the Securities and Exchange Commission.

If the gold return is positive, the payout at maturity will be par plus the gold return, subject to a minimum return of 10% and a maximum return of 50%.

If the commodity return is zero or negative, investors will receive par plus 10%, or $1,100 per $1,000 principal amount of notes.

The notes (Cusip: 617482L85) are expected to price Jan. 26 and settle Jan. 31.

Morgan Stanley & Co. LLC will be the agent, and UBS Financial Services Inc. will be the distributor.

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