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Morgan Stanley plans to price buffered PLUS linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., April 30 – Morgan Stanley Finance LLC plans to price 0% buffered Performance Leveraged Upside Securities due June 3, 2021 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.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum return that is expected to be 33% and will be set at pricing.
If the final index level is less than or equal to the initial index level but has decreased from the initial index level by no more than 15%, the payout will be par.
If the final index level has decreased from the initial index level by more than 15%, investors will lose 1% for every 1% decline beyond 15%.
Morgan Stanley & Co. LLC is the agent.
The notes will price May 15.
The Cusip number is 61768Y315.
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