Morgan Stanley plans dual directional trigger PLUS linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Dec. 4 - Morgan Stanley plans to price 0% dual directional trigger Performance Leveraged Upside Securities due December 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 115% of the index return.

If the final index level is less than or equal to the initial index level but is greater than or equal to the trigger level, the payout will be par plus the absolute value of the index return. The trigger level is 65% of the initial index level.

If the final index level is less than the trigger level, investors will be fully exposed to the decline from the initial index level.

Morgan Stanley & Co. LLC is the agent.

The notes will price in December and settle in January.

The Cusip number is 61762W695.

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