Morgan Stanley plans buffered PLUS tied to iShares MSCI EAFE ETF

By Sarah Lizee

Olympia, Wash., June 10 – Morgan Stanley Finance LLC plans to price 0% buffered Performance Leveraged Upside Securities due July 16, 2020 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 final share price is greater than the initial share price, the payout at maturity will be par of $10 plus 150% of the ETF return, subject to a maximum payout of par plus 13.6%.

If the final share price is less than or equal to the initial share price but has decreased from the initial share price by no more than 10%, the payout will be par.

If the final share price has decreased from the initial share price by more than 10%, the payout will be par minus 1% for every 1% that the ETF declines beyond 10%.

Morgan Stanley & Co. LLC is the agent.

The notes will price June 11.

The Cusip number is 61769HGX7.

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