Morgan Stanley plans market-linked notes on basket of indexes, ETF

By Sarah Lizee

Olympia, Wash., July 9 – Morgan Stanley Finance LLC plans to price 0% market-linked notes due Aug. 5, 2024 linked to a basket consisting of the S&P 500 index with a 50% weight, the Euro Stoxx 50 index with a 25% weight and the iShares MSCI Emerging Markets ETF with a 25% weight, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

The payout at maturity will be par plus any basket gain, capped at par plus 50% to 60%.

If the basket falls, the payout will be par.

Morgan Stanley & Co. LLC is the agent.

The notes (Cusip: 61769HKS3) are expected to price on July 31 and settle three business days after pricing.

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