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Morgan Stanley plans dual directional trigger PLUS tied to Facebook
By Susanna Moon
Chicago, May 22 – Morgan Stanley Finance LLC plans to price 0% dual directional trigger Performance Leveraged Upside Securities due June 3, 2020 linked to Facebook, Inc. stock, according to a 424B2 filed with the Securities and Exchange Commission.
If the stock finishes above its initial level, the payout at maturity will be par plus 150% of the gain up to a maximum return of 28.9%.
If the stock falls by up to its 80% trigger level, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
The notes will price on May 31.
The Cusip number is 40435M284.
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