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Morgan Stanley plans buffered PLUS tied to fund, index basket
By Susanna Moon
Chicago, April 26 – Morgan Stanley Finance LLC plans to price 0% buffered Performance Leveraged Upside Securities due May 18, 2023 linked to a basket of two indexes and two exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 40% weight, the Russell 2000 index with a 20% weight, the iShares MSCI EAFE ETF with a 30% weight and iShares MSCI Emerging Markets ETF with a 10% weight.
The payout at maturity will be par plus 123.3% of any basket gain.
If the basket falls by up to 25%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond 25%.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
The notes will price on May 15 and settle on May 18.
The Cusip number is 61768CW29.
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