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Morgan Stanley plans six-year trigger PLUS linked to S&P 500
By Marisa Wong
Morgantown, W.Va., June 26 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due July 6, 2023 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes above its initial level, the payout at maturity will be par of $10 plus 150.5% of the gain.
If the index finishes flat or falls by no more than 35%, the payout will be par.
If the index finishes below its 65% trigger level, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
The notes will price on June 27.
The Cusip number is 61766W766.
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