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Morgan Stanley plans trigger step securities linked to Euro Stoxx
By Sarah Lizee
Olympia, Wash., Dec. 13 – Morgan Stanley Finance LLC plans to price 0% trigger step securities due Dec. 29, 2023 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 return is zero or positive, the payout at maturity will be par of $10 plus the greater of the index return and the step return of 60.5%to 63.5%.
Investors will receive par if the index declines by 40% or less and will lose 1% for each 1% decline from its initial level if the index falls more than 40%.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as placement agent.
The notes will price on Dec. 27.
The Cusip number is 61768W327.
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