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Morgan Stanley plans six-month PLUS linked to Energy Select Sector
By Jennifer Chiou
New York, May 13 - Morgan Stanley plans to price 0% Performance Leveraged Upside Securities due November 2011 linked to the Energy Select Sector SPDR fund, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any increase in the fund, subject to a maximum return of 10% to 11.5% that will be set at pricing. Investors will be fully exposed to any decline in the index.
The notes (Cusip: 61760E739) will price and settle in May.
Morgan Stanley & Co. Inc. is the agent.
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