Morgan Stanley plans to price trigger gears linked to index basket

By Angela McDaniels

Tacoma, Wash., Dec. 23 – Morgan Stanley Finance LLC plans to price 0% trigger gears due Dec. 31, 2024 linked to a basket consisting of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 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, according to an FWP filing with the Securities and Exchange Commission.

If the basket return is greater than zero, the payout at maturity will be par of $10 plus 2.70 to 2.77 times the basket return. The exact upside gearing will be set at pricing. Investors will receive par if the basket declines by 25% or less and be fully exposed to the basket’s decline from its initial level if it declines by more than 25%.

The notes will be guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is acting as dealer.

The notes are expected to price Dec. 27.

The Cusip number is 61770E364.

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