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Morgan Stanley plans to price trigger gears linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., May 8 – Morgan Stanley Finance LLC plans to price 0% trigger gears due May 29, 2020 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 2.14 to 2.24 times the index return. The exact upside gearing will be set at pricing. Investors will receive par if the index declines by 15% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 15%.
Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the agents.
The notes are expected to price May 26.
The Cusip number is 61766W493.
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