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Morgan Stanley plans trigger step performance notes linked to Stoxx 50
By Susanna Moon
Chicago, Feb. 5 – Morgan Stanley plans to price 0% trigger step performance securities due Feb. 28, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par of $10 plus the greater of the gain and the step return of 38% to 42%. The exact step return will be set at pricing.
If the index falls but finishes at or above its trigger level, 75% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the agents.
The notes will price on Feb. 25 and settle on Feb. 29.
The Cusip is 61765U852.
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