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Morgan Stanley plans trigger income securities with upside on S&P 500
New York, July 7 – Morgan Stanley Finance LLC plans to price 6% trigger income securities with upside participation due July 13, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The fixed coupon will be paid quarterly.
At maturity the securities will pay par plus any gain in the index.
If the index declines but finishes at or above the 50% trigger level the payout will be par. Investors will be fully exposed to any loss in the index if it finishes below the trigger level.
Morgan Stanley is the agent.
The notes will price on July 8 and settle on July 13.
The Cusip is 61766B671.
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