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Morgan Stanley to price trigger gears linked to basket of six indexes
By Wendy Van Sickle
Columbus, Ohio, March 7 – Morgan Stanley Finance LLC plans to price 0% trigger gears due March 28, 2024 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The basket includes the Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 20% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
If the basket return is greater than zero, the payout at maturity will be par of $10 plus 2.8 to 2.9 times the basket return. Investors will receive par if the basket declines by up to 35% and will lose 1% for every 1% that the basket declines beyond 35%.
UBS Financial Services Inc. and Morgan Stanley & Co. LLC are the agents.
The notes are expected to price March 27.
The Cusip number is 61768X457.
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