Morgan Stanley to price notes linked to S&P 500 Daily Risk Control 10%

By Angela McDaniels

Tacoma, Wash., April 3 - Morgan Stanley plans to price 0% market-linked notes due April 2017 linked to the S&P 500 Daily Risk Control 10% Index Excess Return, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus the index return, subject to a minimum return of 7% to 9%. The exact minimum return will be set at pricing.

The index is intended to provide investors with exposure to the S&P 500 Total Return index while attempting to provide greater stability and lower overall risk of large fluctuations as compared to the S&P 500 Total Return through the use of a volatility target.

The notes (Cusip: 61760T660) will price in April and settle in May.

Morgan Stanley & Co. LLC is the agent.

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