Morgan Stanley plans buffered digital notes tied to Brent Crude Oil

By Sarah Lizee

Olympia, Wash., June 11 – Morgan Stanley Finance LLC plans to price 0% buffered digital notes due in 13 to 15 months linked to the S&P GSCI Brent Crude Oil Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the index return is greater than or equal to negative 20%, the payout at maturity will be $1,121.20 to $1,142.50 per $1,000 principal amount.

Otherwise, investors will lose 1.25% for each 1% that the index declines beyond 20%.

Morgan Stanley & Co. LLC is the agent.

The Cusip number is 61766YEB3.

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