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Morgan Stanley to price uncapped buffered PLUS linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Jan. 26 – Morgan Stanley Finance LLC plans to price 0% buffered Performance Leveraged Upside Securities due Feb. 1, 2021 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 final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 130% of the index return.
If the final index level is less than or equal to the initial index level but has decreased from the initial index level by no more than 20%, the payout will be par.
Otherwise, investors will lose 1.25% for every 1% that the index declines beyond 20%.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Jan. 27.
The Cusip number is 61768CEP8.
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