Morgan Stanley to price buffered PLUS due 2022 on ETF, index basket

By Sarah Lizee

Olympia, Wash., Dec. 11 – Morgan Stanley Finance LLC plans to price 0% buffered Performance Leveraged Upside Securities due Dec. 19, 2022 linked to a basket of the iShares MSCI EAFE ETF with an 80% weight and the Euro Stoxx 50 index with a 20% weight, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The payout at maturity will be par plus at least 162% of any basket gain.

If the basket finishes flat or falls by up to 15%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline beyond 15%.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Dec. 19.

The Cusip number is 61768DTT2.

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