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Morgan Stanley plans to price digital notes tied to basket of indexes
By Sarah Lizee
Olympia, Wash., Aug. 21 – Morgan Stanley Finance LLC plans to price 0% digital basket-linked notes due in 18 to 21 months linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
If the basket finishes at or above its initial level, the payout at maturity will be the greater of par plus the basket return and $1,192.90 and $1,226.30 per $1,000 of notes.
Otherwise, investors will lose 1% for each 1% decline.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the underwriter.
The Cusip number is 61769HRD9.
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