Morgan Stanley to sell buffered PLUS due 2009 linked to S&P 500

By Jennifer Chiou

New York, June 25 - Morgan Stanley plans to price 0% buffered Performance Leveraged Upside Securities due July 2011 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the index, up to a maximum payout of 107.5%.

Investors will receive par if the index falls by up to 15% and will be exposed to losses beyond 15% at a rate of 1.17647% per 1% drop.

The notes are expected to price in June and settle in July.

Morgan Stanley & Co. Inc. 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.