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Morgan Stanley plans to sell trigger PLUS tied to Euro Stoxx 50 index
By Devika Patel
Knoxville, Tenn., Oct. 3 – Morgan Stanley Finance LLC intends to price 0% trigger Performance Leveraged Upside Securities due Oct. 31, 2022 linked to the Euro Stoxx 50 index, according to an FWP 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 190% of the gain.
If the index falls but finishes at or above the 65% trigger level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
Morgan Stanley & Co. LLC is the agent.
The notes (Cusip: 61768CRK5) will price on Oct. 26 and settle on Oct. 31.
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