Morgan Stanley to price trigger PLUS tied to iShares U.S. Real Estate

By Marisa Wong

Madison, Wis., Sept. 3 – Morgan Stanley plans to price 0% trigger Performance Leveraged Upside Securities due September 2017 linked to the iShares U.S. Real Estate exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the final share price is greater than the initial share price, the payout at maturity will be par of $10 plus 200% of the ETF return, subject to a maximum payment of $15.65 per note.

If the final share price is less than or equal to the initial share price but is greater than the trigger level, 85% of the initial share price, the payout will be par.

If the final share price is less than or equal to the trigger level, investors will lose 1% for every 1% that the final share price is less than the initial share price.

Morgan Stanley & Co. LLC is the agent.

The notes will price in September and settle in October.

The Cusip number is 61758S591.

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