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Morgan Stanley to price six-year trigger PLUS tied to S&P 500 index
By Marisa Wong
Morgantown, W.Va., April 8 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due May 4, 2022 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The payout at maturity will be par of $10 plus 157% of any gain in the index.
Investors will receive par if the index falls by up to 35% and will be fully exposed to any losses if the index finishes below the 65% trigger level.
Morgan Stanley & Co. LLC is the agent.
The notes will price on April 29 and settle on May 4.
The Cusip number is 61766B267.
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