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Morgan Stanley plans trigger PLUS with 21% cap tied to Stoxx Banks
By Susanna Moon
Chicago, Nov. 9 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due March 5, 2019 linked to the Euro Stoxx Banks index, according to an FWP with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the index finishes at or above its initial level, the payout at maturity will be par plus double the gain up to a maximum payment of $12.10 per $10.00 PLUS.
If the index falls but finishes at or above the 80% trigger level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Nov. 17.
The Cusip number is 61768J888.
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