Morgan Stanley intends to sell trigger gears linked to S&P 500 index

By Devika Patel

Knoxville, Tenn., July 2 – Morgan Stanley Finance LLC plans to price 0% trigger gears due July 18, 2030 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.5 to 1.602 times the index return. The exact upside gearing will be set at pricing. Investors will receive par if the index declines by 35% or less and will receive will lose 1% for every 1% decline of the index from the initial level if the index falls by more than 35%.

Morgan Stanley and UBS Financial Services Inc. are the agents.

The notes (Cusip: 61771C557) will price on July 17 and settle on July 21.

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