Morgan Stanley plans dual directional contingent buffer notes on Stoxx

By Marisa Wong

Morgantown, W.Va., Dec. 7 – Morgan Stanley Finance LLC plans to price 0% capped dual directional contingent buffer equity notes due Dec. 11, 2019 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

The final level of the index will be the average of the index closing levels on the five valuation dates ending Dec. 6, 2019.

If the final level is greater than the initial level, the payout at maturity will be par plus the index gain, subject to a maximum return of 24.9%. If the final level is less than the initial level by up to 24.9%, the payout will be par plus the absolute value of the index return. If the final level is less than the initial level by more than 24.9%, investors will lose 1% for every 1% that the index declines from its initial level.

Morgan Stanley & Co. LLC is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.

The notes will price Dec. 8.

The Cusip number is 61768CWA1.

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