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Morgan Stanley plans dual directional trigger PLUS tied to Euro Stoxx
By Susanna Moon
Chicago, Sept. 4 – Morgan Stanley plans to price 0% dual directional Trigger Performance Leveraged Upside Securities due Sept. 20, 2021 linked to the Euro Stoxx 50, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus 135% of any index gain.
If the index falls by up to the 65% trigger level, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Sept. 15 and settle on Sept. 18.
The Cusip number is 61765R263.
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