Morgan Stanley plans to price PLUS due 2021 linked to gold

By Sarah Lizee

Olympia, Wash., July 26 – Morgan Stanley Finance LLC plasn to price 0% Performance Leveraged Upside Securities due Aug. 4, 2021 linked to gold, according to a 424B2 filing with the Securities and Exchange Commission.

If the commodity’s return is positive, the payout at maturity will be par plus 200% of the commodity’s return, capped at par plus 21.1%. If the commodity’s return is negative, investors will be exposed to the decline of the commodity.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is a dealer.

The notes will price on July 31.

The Cusip number is 61766YEH0.

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