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Morgan Stanley plans trigger PLUS linked to Euro Stoxx 50, S&P 500
By Susanna Moon
Chicago, Dec. 9 – Morgan Stanley plans to price 0% trigger Performance Leveraged Upside Securities due Dec. 23, 2020 linked to the worse performing of the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above the initial level, the payout at maturity will be par of $10 plus 220% of the return of the worse performing index.
If each index finishes at or above the 65% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Dec. 18 and will settle on Dec. 23.
The Cusip number is 61761JR92.
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