Morgan Stanley plans notes with leveraged upside tied to Russell 2000

By Susanna Moon

Chicago, Feb. 10 – Morgan Stanley plans to price 0% securities with leveraged upside participation to a cap and fixed percentage buffered downside due Sept. 4, 2018 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, up to a maximum return of 30% to 35%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

Wells Fargo Securities, LLC is the agent.

The notes will price on Feb. 29 and settle on March 3.

The Cusip number is 61761JW54.

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