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Morgan Stanley plans trigger PLUS linked to S&P, Dow
By Emma Trincal
New York, March 25 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due April 1, 2025 linked to the Dow Jones industrial average and the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus 226% of the lesser-performing index’s return.
If the final level of either index is less than or equal to its initial level but the final level of each index is greater than or equal to its trigger level, the payout will be par. For each index, the trigger level is 55% of its initial level.
If the final level of either index is less than its trigger level, investors will be exposed to the decline of the lesser-performing index from its initial level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
The notes will price on March 27.
The Cusip number is 61770FWT9.
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