Morgan Stanley plans knock-out notes due 2015 linked to palladium

By Jennifer Chiou

New York, Nov. 13 – Morgan Stanley plans to price 0% knock-out notes due Dec. 2, 2015 linked to the price of palladium, according to an FWP with the Securities and Exchange Commission.

If the price of palladium finishes at or above the 85% knock-out level, the payout at maturity will be par plus the greater of 5% and the palladium return, up to a maximum return of 15.05%.

Otherwise, investors will be fully exposed to any losses.

The notes (Cusip: 61762GCL6) will price on Nov. 14 and settle on Nov. 19.

Morgan Stanley & Co. LLC is the agent with J.P. Morgan Securities LLC as dealer.

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