Morgan Stanley to price three-year capped trigger gears on Euro Stoxx

By Sarah Lizee

Olympia, Wash., Dec. 10 – Morgan Stanley Finance LLC plans to price 0% capped trigger gears due Dec. 31, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 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 5 times the index return, subject to a maximum gain of 55.75% to 58.75%.

Investors will receive par if the index declines by 30% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 30%.

Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.

The notes will price on Dec. 27.

The Cusip number is 61768W210.

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