Morgan Stanley plans to price trigger PLUS on basket of indexes

By Sarah Lizee

Olympia, Wash., March 15 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due March 21, 2024 linked an equally weighted basket of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

If the basket finishes above its initial level, the payout at maturity will be par of $10 plus 150% of the gain, capped at par plus 92.6%.

Investors will receive par if the basket falls by up to 40% and will be fully exposed to any losses if the basket finishes below its 60% trigger level.

Morgan Stanley & Co. LLC is the agent.

The notes will price on March 18.

The Cusip number is 61768D3K9.

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