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Morgan Stanley intends to price buffered PLUS linked to Euro Stoxx 50
By Devika Patel
Knoxville, Tenn., Jan. 11 – Morgan Stanley Finance LLC plans to price 0% buffered Performance Leveraged Upside Securities due Jan. 25, 2023 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The payout at maturity will be par plus 500% of any index gain, subject to a maximum payment of $1,850 per PLUS.
Investors will receive par if the index falls by up to the 15% buffer and will lose 1% for every 1% decline of the index from its initial level if the index falls by more than 15%, subject to a minimum payment of $150 per PLUS.
Morgan Stanley & Co. LLC is the agent.
The notes (Cusip: 61768DYW9) will price on Jan. 18 and settle on Jan. 28.
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