Morgan Stanley plans dual directional trigger PLUS linked to Apple

By Susanna Moon

Chicago, April 9 – Morgan Stanley Finance LLC plans to price 0% dual directional trigger Performance Leveraged Upside Securities due May 5, 2020 linked to Apple Inc. stock, according to a 424B2 filed with the Securities and Exchange Commission.

If the stock finishes above its initial level, the payout at maturity will be par plus 150% of the gain up to a maximum return of 28%.

If the stock falls by up to its 80% trigger level, the payout will be par plus the absolute value of the return.

Otherwise, investors will be fully exposed to any losses.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The notes will price on April 13.

The Cusip number is 61768P652.

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