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Morgan Stanley to price five-year trigger gears linked to iShares EAFE
By Marisa Wong
Morgantown, W.Va., Sept. 25 – Morgan Stanley Finance LLC plans to price 0% trigger gears due Sept. 30, 2022 linked to the iShares MSCI EAFE exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the fund return is greater than zero, the payout at maturity will be par of $10 plus 1.49 to 1.59 times the fund return.
Investors will receive par if the fund declines by 25% or less and be fully exposed to the fund’s decline from its initial level if it declines by more than 25%.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
The notes will price Sept. 26.
The Cusip number is 61766X806.
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