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Morgan Stanley plans dual directional trigger PLUS linked to S&P 500
By Susanna Moon
Chicago, Feb. 3 – Morgan Stanley plans to price 0% dual directional trigger Performance Leveraged Upside Securities due March 4, 2021 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par of $10 plus 112% of the gain.
If the index falls by up to the 65% trigger level, the payout will be par plus the absolute value of the return, up to a maximum return of 35%.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
The notes will price on Feb. 27 and settle on March 4.
The Cusip number is 61764M810.
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