Morgan Stanley plans 0% buffered PLUS linked to BRIC currencies

By Toni Weeks

San Diego, Aug. 1 - Morgan Stanley plans to price 0% buffered Performance Leveraged Upside Securities due October 2012 linked to a basket of four equally weighted currencies, according to an FWP with the Securities and Exchange Commission.

The basket is comprised of the Brazilian real, Russian ruble, Indian rupee and Chinese renminbi.

The payout at maturity will be par plus double any gain in the basket.

Investors will receive par if the basket falls by up to 4% to 6% and will be exposed to any decline beyond the buffer. The exact buffer will be determined at pricing.

The notes (Cusip: 617482SB1) are expected to price and settle in August.

Morgan Stanley & Co. LLC is the agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.