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Morgan Stanley to price three-year trigger PLUS linked to Topix
By Marisa Wong
Morgantown, W.Va., Nov. 27 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due Dec. 3, 2020 linked to the Tokyo Stock Price index, according to an FWP filed with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus 1.5 times the gain, capped at $15.20 per PLUS.
If the index falls but finishes at or above the 80% trigger level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
Morgan Stanley & Co. LLC is the agent.
The notes will price Nov. 30.
The Cusip number is 61768K109.
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