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Morgan Stanley plans partial principal at risk notes on Euro Stoxx 50
By Devika Patel
Knoxville, Tenn., July 8 – Morgan Stanley Finance LLC plans to price 0% equity-linked partial principal at risk securities due Aug. 4, 2022 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.
The payout at maturity will be par plus at least 125% of any index gain, with the exact participation rate to be set at pricing.
If the index falls or remains flat, the payout will be par plus the index return, subject to a minimum payout of $950 per $1,000 of notes.
Morgan Stanley & Co. LLC is the agent.
The notes (Cusip: 61769HKB0) will price July 31 and settle Aug. 4.
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