Morgan Stanley plans to price trigger gears linked to index basket

By Sarah Lizee

Olympia, Wash., Sept. 16 – Morgan Stanley Finance LLC plans to price 0% trigger gears due Sept. 20, 2024 linked to a basket consisting of the S&P Midcap 400 index with a 40% weight, the Russell 2000 index with a 40% weight and the S&P 500 index with a 20% weight, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

If the basket return is greater than zero, the payout at maturity will be par of $10 plus the basket return. Investors will receive par if the basket declines by 54.5% to 58% or less and be fully exposed to the basket’s decline from its initial level if it declines by more than the downside threshold.

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

The notes are expected to price Sept. 17.

The Cusip number is 61770C186.

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