Morgan Stanley plans leveraged buffered notes tied to SPDR oil & gas

New York, March 15 – Morgan Stanley Finance LLC plans to price 0% leveraged buffered notes linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will mature between 13 and 15 months after pricing and will be guaranteed by Morgan Stanley.

The payout at maturity will be par plus 200% of any index gain, up to a maximum settlement amount of $1,206.60 to $1,242.80 per $1,000 principal amount.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.

Morgan Stanley & Co. LLC is the agent.

The Cusip number is 61768CGH4.

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