Morgan Stanley plans buffered PLUS linked to Cisco, Microsoft, Nvidia

By Angela McDaniels

Tacoma, Wash., Nov. 18 – Morgan Stanley Finance LLC plans to price 0% buffered Performance Leveraged Upside Securities due May 24, 2021 linked to the least performing of the common stocks of Cisco Systems, Inc., Microsoft Corp. and Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If each stock’s final share price is greater than its initial share price, the payout at maturity will be par plus 192% of the least-performing stock’s return.

If the final share price of any stock is less than or equal to its initial share price but the final share price of each stock is greater than or equal to 80% of its initial share price, the payout will be par.

If the final share price of any stock is less than 80% of its initial share price, investors will lose 1% for every 1% that the least-performing stock declines beyond 20%.

The notes will be guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The notes will price Nov. 19.

The Cusip number is 61769HS71.

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