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Morgan Stanley plans trigger performance notes tied to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., May 2 - Morgan Stanley plans to price 0% trigger performance securities due May 31, 2024 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 235% to 255% of the index return. The exact participation rate will be determined at pricing.
If the index return is zero or negative and the final index level is equal to or greater than the trigger level, 50% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.
Morgan Staley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
The notes are expected to price May 28 and settle May 30.
The Cusip number is 61761S109.
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