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Morgan Stanley plans five-year trigger PLUS with cap tied to Stoxx 50
By Susanna Moon
Chicago, Dec. 12 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due Jan. 5, 2022 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the index finishes at or above its initial level, the payout at maturity will be par plus 500% of the gain, up to a maximum return of 77.65%.
If the index falls but finishes at or above the 75% 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 will price on Dec. 28.
The Cusip number is 61768K554.
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