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Morgan Stanley plans buffered PLUS due 2024 tied to S&P 500 index
By Sarah Lizee
Olympia, Wash., Jan. 7 – Morgan Stanley Finance LLC plans to price 0% buffered Performance Leveraged Upside Securities due Feb. 1, 2024 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus at least 105% of any index gain.
Investors will receive par if the index falls by up to 30% and will be exposed to any losses of the worse performing index beyond the buffer.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Jan. 28.
The Cusip number is 61768DVR3.
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