Morgan Stanley plans buffered PLUS due 2020 linked to S&P 500 index

By Sarah Lizee

Olympia, Wash., Oct. 9 – Morgan Stanley Finance LLC plans to price 0% buffered Performance Leveraged Upside Securities due Nov. 5, 2020 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 200% of any index gain, capped at par plus 18% to 23%.

Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond the buffer.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Oct. 31 and settle on Nov. 5.

The Cusip number is 61768DGG4.

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