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Morgan Stanley to price 54- to 57-month digital notes on index basket
By Tali Rackner
Norfolk, Va., Aug. 18 – Morgan Stanley Finance LLC plans to price 54- to 57-month digital notes linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Tokyo Stock Price index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The notes will be guaranteed by Morgan Stanley.
If the basket return is zero or positive, the payout at maturity will be par plus the basket return, subject to a maximum settlement amount that is expected to be $1,476.80 to $1,560.70 per $1,000 principal amount of notes.
Otherwise, investors be fully exposed to the return.
The exact maturity date and maximum settlement amount will be set at pricing.
Morgan Stanley & Co. LLC is the agent.
The notes will price and settle in August.
The Cusip number is 61766BBX8.
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