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Morgan Stanley amends dual directional trigger PLUS tied to Euro Stoxx
By Susanna Moon
Chicago, Jan. 6 – Morgan Stanley amended its 0% dual directional trigger Performance Leveraged Upside Securities due Feb. 3, 2021 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will now be par of $10 plus 136% of the gain. The participation rate was increased from 130%.
If the index falls by up to the 65% trigger level, the payout will be par plus the absolute value of the return, up to a maximum return of 35%.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
The notes will price on Jan. 30 and settle on Feb. 4.
The Cusip number is 61764M562.
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