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Morgan Stanley plans buffered jump securities due 2015 tied to S&P 500
By Susanna Moon
Chicago, June 4 - Morgan Stanley plans to price 0% buffered jump securities due December 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus the greater of any gain and an upside payment of 28% to 32%. The exact percentage will be set at pricing.
Investors will receive par if the index falls by up to 25% and will be exposed to losses beyond 25%.
Morgan Stanley & Co. LLC is the agent, and Morgan Stanley Smith Barney LLC is the dealer.
The notes will price in June and settle in July.
The Cusip number is 61755S347.
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