Morgan Stanley will price dual directional trigger PLUS on Dow

By Sarah Lizee

Olympia, Wash., Aug. 21 – Morgan Stanley Finance LLC plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Aug. 28, 2024 linked to the Dow Jones industrial average, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

If the index finishes at or above its initial level, the payout at maturity will be par plus at least 132% of the gain.

If the index falls but finishes at or above the 70% trigger level, the payout will be par plus the absolute value of the return.

Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.

Morgan Stanley & Co. LLC is the agent.

The notes (Cusip: 61769HRC1) will price on Aug. 23.

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