Morgan Stanley plans trigger PLUS tied to Dow, Russell

By Sarah Lizee

Olympia, Wash., July 16 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due July 22, 2025 linked to the worst performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If each index finishes above its initial level, the payout at maturity will be par plus 400% of any gain of the worst performing index, capped at par plus 41%.

If either index falls but each remains at or above the 60% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses of the worst performing index.

Morgan Stanley & Co. LLC is the agent.

The notes will price on July 17.

The Cusip number is 61771BVC5.

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