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Morgan Stanley plans eight-year trigger PLUS tied to Euro Stoxx 50
By Marisa Wong
Madison, Wis., Oct. 6 – Morgan Stanley plans to price 0% trigger Performance Leveraged Upside Securities due Oct. 31, 2022 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 200% of the index return. If the final index level is less than or equal to the initial index level but is greater than the trigger level, 50% of the initial level, the payout will be par. If the final index level is less than or equal to the trigger level, investors will lose 1% for every 1% that the final index level is less than the initial index level.
Morgan Stanley & Co. LLC is the underwriter.
The notes will price on Oct. 28 and settle on Oct. 31.
The Cusip number is 61761JTT6.
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