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Morgan Stanley plans trigger PLUS due 2020 linked to Euro Stoxx 50
By Jennifer Chiou
New York, Oct. 1 - Morgan Stanley plans to price 0% trigger Performance Leveraged Upside Securities due Oct. 30, 2020 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus 175% of any index gain.
Investors will receive par if the index falls by up to 50% and will be fully exposed to any losses if the index falls below the 50% trigger level.
The notes (Cusip: 61761JLZ0) are expected to price on Oct. 28 and settle on Oct. 31.
Morgan Stanley & Co. LLC is the agent.
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