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Morgan Stanley plans five-year trigger PLUS tied to Energy Select SPDR
By Susanna Moon
Chicago, Jan. 20 – Morgan Stanley plans to price 0% trigger Performance Leveraged Upside Securities due Jan. 27, 2020 linked to the Energy Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.
If the fund finishes above its initial level, the payout at maturity will be par of $10 plus 125% of the gain.
If the fund falls by up to the 60% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the underwriter.
The notes will price on Jan. 21 and settle on Jan. 26.
The Cusip number is 61764M737.
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