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Morgan Stanley plans dual directional trigger PLUS linked to S&P 500
By Susanna Moon
Chicago, April 25 – Morgan Stanley Finance LLC plans to price 0% dual directional trigger Performance Leveraged Upside Securities due May 5, 2020 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 200% of the gain up to a maximum payment of $12.355 per $10 PLUS.
If the index finishes flat or falls by no more than 20%, the payout will be par plus the absolute value of the index return.
If the index finishes below its 80% trigger level, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
The notes will be guaranteed by Morgan Stanley.
The notes will price on April 28.
The Cusip number is 61766V834.
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