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Morgan Stanley plans dual directional trigger PLUS linked to S&P 500
By Susanna Moon
Chicago, April 4 – Morgan Stanley Finance LLC plans to price 0% dual directional trigger Performance Leveraged Upside Securities due April 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 125% to 135% of the gain with the exact participation rate to be set at pricing.
If the index finishes flat or falls by no more than 30%, the payout will be par plus 50% of the absolute value of the index return.
If the index finishes below its 70% trigger level, investors will be fully exposed to any losses.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
The notes will price on April.
The Cusip number is 61768CN86.
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