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Morgan Stanley plans trigger step securities linked to Euro Stoxx
By Marisa Wong
Morgantown, W.Va., June 26 – Morgan Stanley Finance LLC plans to price 0% trigger step securities due June 30, 2021 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is zero or positive, the payout at maturity will be par of $10 plus the greater of the index return and the step return of 48% to 52%.
Investors will receive par if the index declines by 25% or less and will lose 1% for each 1% decline from its initial level if the index falls more than 25%.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as placement agent.
The notes will price on June 28.
The Cusip number is 61766W782.
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