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Morgan Stanley plans dual directional trigger PLUS linked to Apple
By Susanna Moon
Chicago, Jan. 20 – Morgan Stanley plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Feb. 1, 2018 linked to Apple Inc. shares, according to an FWP filing with the Securities and Exchange Commission.
If the stock finishes above the initial level, the payout at maturity will be par of $10 plus 150% of the gain, up to a maximum return of 40%.
If Apple shares fall by up to the 85% trigger level, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
The notes will price on Jan. 29.
The Cusip number is 61765U712.
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