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Morgan Stanley plans six-year trigger PLUS with no cap tied to S&P 500
By Susanna Moon
Chicago, April 26 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due May 3, 2023 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 145% of the gain.
If the index falls by up to 35%, the payout will be par.
If the index finishes below its 65% 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 61766V826.
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