Morgan Stanley plans five-year trigger PLUS tied to Dow, Russell

By Susanna Moon

Chicago, July 11 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due July 31, 2023 linked to the lesser performing of the Russell 2000 index Dow Jones Industrial Average, according to a 424B2 filed with the Securities and Exchange Commission.

If each index finishes above its initial level, the payout at maturity will be par plus 4 times the gain of the worse performing index up to a maximum payment of $1,610 per $1,000 principal amount.

If either index falls by up to 45%, the payout will be par.

Otherwise, investors will be fully exposed to any losses of the worse performing index.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The notes will price on July 26 and settle on July 31.

The Cusip number is 61768C6T9.

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