Morgan Stanley plans three-year trigger step notes tied to Stoxx 50

By Susanna Moon

Chicago, Sept. 19 – Morgan Stanley Finance LLC plans to price 0% trigger step securities due Sept. 30, 2021 linked to Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the gain and the step return of 42.5% to 46.5%.

If the index falls by up to its 75% downside threshold, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the agents.

The notes will price on Sept. 26 and settle on Sept. 28.

The Cusip number is 61768R831.

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