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Morgan Stanley to price buffered PLUS due 2022 tied to index, ETF basket
Chicago, Feb. 4 – Morgan Stanley Finance LLC plans to price 0% buffered Performance Leveraged Upside Securities due Feb 11, 2022 linked to the S&P 500 index with a 50% weight, the Euro Stoxx 50 index with a 30% weight and the SPDR S&P MidCap 400 ETF trust with a 20% weight, according to an FWP filing with the Securities and Exchange Commission.
If the final basket level is greater than the initial level, the payout at maturity will be par plus 1.21 times the basket percentage change.
If the basket finishes flat or falls by up to 20%, the payout will be par.
If the final basket level is less than the initial index level by more than the buffer amount of 20%, investors will lose 1% for each 1% the basket declines beyond the 20% buffer.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Feb. 8 and settle on Feb. 13.
The Cusip number is 61768DN68.
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