Morgan Stanley plans buffered PLUS tied to CSI 300 China A-Shares ETF

By Angela McDaniels

Tacoma, Wash., May 2 – Morgan Stanley Finance LLC plans to price 0% buffered Performance Leveraged Upside Securities due June 3, 2021 linked to the Xtrackers Harvest CSI 300 China A-Shares exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

If the final share price is greater than the initial share price, the payout at maturity will be par of $10 plus 200% of the ETF return, subject to a maximum payout that is expected to be at least 120% of par and will be set at pricing.

If the final share price is less than or equal to the initial share price but has decreased from the initial share price by no more than 10%, the payout will be par.

If the final share price has decreased from the initial share price by more than 10%, the payout will be par minus 1% for every 1% that the ETF declines beyond 10%.

Morgan Stanley & Co. LLC is the agent.

The notes will price May 31.

The Cusip number is 61768Y331.

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