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Morgan Stanley to price trigger gears tied to Euro Stoxx 50 index
By Devika Patel
Knoxville, Tenn., May 11 – Morgan Stanley Finance LLC plans to price 0% trigger gears due May 18, 2020 linked to the Euro Stoxx 50 index, according to an FWP 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 1.635 to 1.665 times the index return. The exact upside gearing will be set at pricing. Investors will receive par if the index declines by 25% or less and will lose 1% for every 1% decline if the index falls by more than 25%.
Morgan Stanley and UBS Financial Services Inc. are the agents.
The notes (Cusip: 61766B432) will price on May 13 and settle on May 18.
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