Morgan Stanley plans dual directional trigger PLUS on iShares EM fund

By Jennifer Chiou

New York, Oct. 4 - Morgan Stanley plans to price 0% dual directional trigger Performance Leveraged Upside Securities due April 2017 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP with the Securities and Exchange Commission.

If the fund finishes above the initial level, the payout at maturity will be par of $10 plus 200% of the gain, up to a maximum of 40%.

If the shares fall by up to the 80% trigger level, the payout will be par plus the absolute value of the return, up to a maximum return of 20%.

Otherwise, investors will be fully exposed to any losses.

The notes (Cusip: 61762W257) are expected to price in October and settle in November.

Morgan Stanley & Co. LLC is the agent. Morgan Stanley Smith Barney LLC is the dealer.

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