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Morgan Stanley plans trigger PLUS due 2022 linked to gold
By Susanna Moon
Chicago, Sept. 3 – Morgan Stanley plans to price 0% trigger Performance Leveraged Upside Securities due October 2022 linked to the performance of gold, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 110% of any gain in the price of gold.
Investors will receive par if the price of gold falls by up to 35% and will be fully exposed to any losses if the price of gold finishes below the 65% trigger level.
Morgan Stanley & Co. LLC is the agent.
The notes will price in September and settle in October.
The Cusip number is 61762GEY6.
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