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Morgan Stanley to price dual directional trigger PLUS on Euro Stoxx
By Devika Patel
Knoxville, Tenn., Sept. 1 – Morgan Stanley Finance LLC plans to sell 0% dual directional trigger Performance Leveraged Upside Securities due Oct. 5, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 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 of $10 plus double the gain, capped at $15.10 per $10 note.
If the index falls but finishes at or above the 80% trigger level, the payout will be par plus the absolute value of the return.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
Morgan Stanley & Co. LLC is the agent.
The notes (Cusip: 61766X855) will price on Sept. 15 and settle on Sept. 20.
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