Morgan Stanley plans buffered PLUS due 2023 linked to S&P 500 index

By Sarah Lizee

Olympia, Wash., June 18 – Morgan Stanley Finance LLC plans to price 0% buffered Performance Leveraged Upside Securities due June 23, 2023 linked to the S&P 500 index, according to an FWP filed with the Securities and Exchange Commission.

The payout at maturity will be par plus at least 112% of any index gain.

Investors will receive par if the index falls by up to 30% and will lose 1% for each 1% decline beyond the buffer.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The notes will price on June 20 and settle on June 25.

The Cusip number is 61768C5J2.

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