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Morgan Stanley plans five-year PLUS with no cap linked to S&P/TSX 60
By Susanna Moon
Chicago, June 19 – Morgan Stanley plans to price 0% Performance Leveraged Upside Securities due June 2020 linked to the S&P/TSX 60 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of C$1,000 plus 223% to 233% of any gain in the index.
Investors will be exposed to any losses.
Morgan Stanley & Co. International plc is the agent with Morgan Stanley & Co. LLC handling distribution.
The notes will price in June.
The Cusip number is 61761JZX0.
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