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Morgan Stanley plans trigger absolute return step notes on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., March 28 – Morgan Stanley Finance LLC plans to price 0% trigger absolute return step securities due March 31, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the index return and the step return of 50% to 54.5%.
If the index falls but finishes at or above the 70% downside threshold level, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
The notes will price on March 29.
The Cusip number is 61766V628.
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