Morgan Stanley plans trigger gears linked to Stoxx Europe 600 Banks

By Sarah Lizee

Olympia, Wash., Aug. 27 – Morgan Stanley Finance LLC plans to price 0% trigger gears due Aug. 31, 2021 linked to the Stoxx Europe 600 Banks index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

If the index finishes above the initial level, the payout at maturity will be par plus the upside gearing of between and 3.5 to 3.55 times the gain. The exact upside gearing will be set at pricing.

If the index finishes at or below the initial level but at or above the downside threshold, 75% of the initial level, the payout will be par.

Otherwise, investors will be fully exposed to the index decline.

Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the agents.

The notes will price on Aug. 29 and settle on Aug. 31.

The Cusip number is 61768R716.

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