Morgan Stanley plans buffered PLUS tied to Dow, Nasdaq, S&P

By Sarah Lizee

Olympia, Wash., Aug. 18 – Morgan Stanley Finance LLC plans to price 0% buffered Performance Leveraged Upside Securities due Aug. 22, 2025 linked to the worst performing of the Dow Jones industrial average, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes above its initial level, the payout at maturity will be par plus 111.5% of the gain of the least performing index.

If either index falls but neither falls by more than 20, the payout will be par.

Otherwise, investors will be exposed to any decline in the least performing index beyond the 20% buffer.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Aug. 19.

The Cusip number is 61771BN75.

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