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Morgan Stanley intends to price trigger PLUS on basket of two ETFs
By Devika Patel
Knoxville, Tenn., Dec. 30 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due Jan. 11, 2021 linked to a basket that consists of the iShares MSCI Brazil Capped Exchange Traded Fund, with a 66.67% weight, and the iShares MSCI Mexico Capped Exchange-Traded Fund, with a 33.33% weight, according to an FWP with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the basket finishes at or above its initial level, the payout at maturity will be par plus 111.5%.
If the basket falls but finishes at or above the 70% trigger level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline.
Morgan Stanley & Co. LLC is the agent.
The notes (Cusip: 61768CDH7) will price on Jan. 4 and settle on Jan. 9.
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