Morgan Stanley plans dual directional trigger PLUS tied to the S&P 500

By Devika Patel

Knoxville, Tenn., Jan. 10 – Morgan Stanley Finance LLC plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Feb. 5, 2020 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.

If the index finishes at or above its initial level, the payout at maturity will be par plus double the gain, capped at $12.86 per $10.00 note.

If the index falls but finishes at or above the 80% trigger level, the payout will be par plus the absolute value of the index return.

Otherwise, investors will lose 1% for each 1% decline.

Morgan Stanley & Co. LLC is the agent.

The notes (Cusip: 61766F854) will price on Jan. 31 and settle on Feb. 3.

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