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Morgan Stanley to price buffered PLUS due 2024 linked to S&P 500
By Sarah Lizee
Olympia, Wash., Jan. 11 – Morgan Stanley Finance LLC plans to price 0% buffered Performance Leveraged Upside Securities due Jan. 23, 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 115% of any index gain.
Investors will receive par if the index falls by up to 45% and will be exposed to any losses of the index beyond the buffer.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Jan. 18.
The Cusip number is 61768DYZ2.
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