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Morgan Stanley plans buffered PLUS due 2021 on basket of two indexes
By Sarah Lizee
Olympia, Wash., June 3 – Morgan Stanley Finance LLC plans to price 0% buffered Performance Leveraged Upside Securities due June 10, 2021 linked to a basket of the Euro Stoxx 50 index with a 50% weight and the MSCI Emerging Markets index with a 50% 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 at least 142.1% of the basket percentage change.
If the basket finishes flat or falls by up to 10%, the payout will be par.
If the final basket level is less than the initial index level by more than the buffer amount of 10%, investors will lose 1% for each 1% the basket declines beyond the 10% buffer.
Morgan Stanley & Co. LLC is the agent.
The notes will price on June 5.
The Cusip number is 61769HFL4.
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