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Morgan Stanley plans trigger step securities linked to Euro Stoxx 50
By Susanna Moon
Chicago, Sept. 2 – Morgan Stanley Finance LLC plans to price 0% trigger step securities due Sept. 30, 2020 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes above its step barrier, which is its initial level, the payout at maturity will be par of $10 plus the greater of the gain and the step return of 40% to 45%. The exact step return will be set at pricing.
If the index falls but finishes at or above its downside threshold level, 75% of the initial level, the payout will be par.
Otherwise, s will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is the dealer.
The notes will price on Sept. 28 and settle on Sept. 30.
The Cusip number is 61766F169.
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