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Morgan Stanley to price 10-year trigger gears linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Sept. 25 – Morgan Stanley Finance LLC plans to price 0% trigger gears due Sept. 30, 2027 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 1.6 to 1.75 times the index return.
Investors will receive par if the index declines by 50% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 50%.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
The notes will price Sept. 26.
The Cusip number is 61768J102.
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