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Morgan Stanley to price 10-year trigger gears tied to Russell 2000
By Marisa Wong
Morgantown, W.Va., Nov. 22 – Morgan Stanley Finance LLC plans to price 0% trigger gears due Nov. 30, 2027 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.47 to 1.512 times the index return.
Investors will receive par if the index declines by 30% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 30%.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
The notes will price on Nov. 27.
The Cusip number is 61768K463.
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