Morgan Stanley plans 18-month market plus notes linked to S&P 500

By Susanna Moon

Chicago, July 17 - Morgan Stanley plans to price 0% market plus notes due Jan. 22, 2015 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

A knock-out event occurs if the index ever closes below the 76.8% trigger level on any day during the life of the notes.

If a knock-out event never occurs, the payout at maturity will be par plus the greater of the contingent minimum return of 0% and any index gain.

If a knock-out event occurs, the payout will be par plus the index return, with full exposure to any losses.

Morgan Stanley & Co. LLC is the agent with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as dealers.

The notes will price on July 19 and settle on July 24.

The Cusip number is 61761JKB4.

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