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Morgan Stanley plans capped leveraged buffered notes on index basket
By Susanna Moon
Chicago, June 21 – Morgan Stanley plans to price 20- to 23-month 0% capped leveraged buffered notes linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 1.5 times any basket gain up to a maximum settlement amount of between $1,220.50 and $1,258.00 per $1,000 principal amount. The exact cap will be set at pricing.
Investors will receive par if the basket falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.
Morgan Stanley & Co. LLC is the agent.
The notes will price and settle in June.
The Cusip number is 61761J3D9.
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