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Morgan Stanley plans to price trigger gears linked to index basket
By Angela McDaniels
Tacoma, Wash., April 9 – Morgan Stanley Finance LLC plans to price 0% trigger gears due April 30, 2029 linked to a basket consisting of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight, according to an FWP filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the basket return is greater than zero, the payout at maturity will be par of $10 plus 4.4 to 4.6 times the basket return. The exact upside gearing will be set at pricing. Investors will receive par if the basket declines by 35% or less and be fully exposed to the basket’s decline from its initial level if it declines by more than 35%.
Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is acting as dealer.
The notes are expected to price April 26.
The Cusip number is 61768X804.
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