Morgan Stanley plans trigger performance notes on iShares MSCI EAFE

By Angela McDaniels

Tacoma, Wash., Sept. 4 – Morgan Stanley plans to price 0% trigger performance securities due Sept. 30, 2019 linked to the iShares MSCI EAFE exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par of $10 plus 130% to 140% of the ETF return. The exact participation rate will be set at pricing.

If the ETF return is zero or negative and the ETF’s final share price is equal to or greater than the trigger level, 75% of the initial share price, the payout will be par.

If the final share price is less than the trigger level, investors will be fully exposed to the decline in the ETF from its initial share price.

Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.

The notes are expected to price Sept. 25 and settle Sept. 30.

The Cusip number is 61758S682.

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