Morgan Stanley plans contingent buffer equity notes tied to Stoxx 50

By Sarah Lizee

Olympia, Wash., Sept. 12 – Morgan Stanley Finance LLC plans to price 0% contingent buffer equity notes due March 18, 2020 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

A knock-out event occurs if the final index level is less than the initial level by more than 25%.

If a knock-out event has not occurred, the payout at maturity will be par plus the greater of the contingent minimum return of 0% and 142% of the index return.

If a knock-out event has occurred, investors will be fully exposed to losses.

The final index level will be the average of the index closing levels on each of the five trading days ending March 13, 2020.

Morgan Stanley & Co. LLC is the agent. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are placement agents.

The notes will price on Sept. 14 and settle on Sept. 19.

The Cusip number is 61768DEQ4.

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