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Morgan Stanley plans 5.5-year market-linked notes tied to index basket
By Susanna Moon
Chicago, Jan. 10 – Morgan Stanley Finance LLC plans to price 0% market-linked notes due July 31, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
The payout at maturity will be par of $10 plus 112% to 122% of any basket gain, with the exact participation rate to be set at pricing.
If the basket falls, the payout will be par.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Jan. 29 and settle on Jan. 31.
The Cusip number is 61768CXJ1.
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