Morgan Stanley announces plans to price PLUS due 2021 linked to gold

By Devika Patel

Knoxville, Tenn., July 3 – Morgan Stanley Finance LLC plans to price 0% Performance Leveraged Upside Securities due July 22, 2021 linked to gold, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

The payout at maturity will be par plus double any increase in the price of gold, up to a maximum payout of 20%.

Investors will lose 1% for every 1% that the final price of gold is less than the initial price.

Morgan Stanley & Co. LLC is the agent, with Morgan Stanley Wealth Management handling distribution.

The notes (Cusip: 61766YED9) will price on July 19 and settle on July 24.

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