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Morgan Stanley to price 25-month trigger PLUS linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Oct. 10 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due Nov. 5, 2019 linked to the Euro Stoxx Banks index, according to an FWP filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum payment of $14.50 per PLUS.
If the index declines by 25% or less, the payout will be par. If the index declines by more than 25%, investors will lose 1% for every 1% that the final index level is less than the initial index level.
Morgan Stanley & Co. LLC is the agent.
The notes will price Oct. 12.
The Cusip number is 61768J524.
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