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Morgan Stanley plans dual directional trigger PLUS tied to S&P 500
By Sarah Lizee
Olympia, Wash., Oct. 10 – Morgan Stanley Finance LLC plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Nov. 3, 2023 linked to the S&P 500 index, according to an FWP filed with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes above its initial level, the payout at maturity will be par plus 115% of the gain.
If the index falls by up to the trigger level, 65% of the initial level, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Oct. 31 and settle on Nov. 5.
The Cusip number is 61768DGL3.
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