Morgan Stanley plans trigger PLUS linked to Health Care Select SPDR

By Susanna Moon

Chicago, Dec. 1 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due Dec. 28, 2021 linked to the Health Care Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

The payout at maturity will be par plus 125% of any gain in the fund.

Investors will receive par if the fund falls by up to 30% and will be fully exposed to any losses if the fund finishes below the 70% trigger level.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Dec. 22 and settle on Dec. 28.

The Cusip number is 61768CCQ8.

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