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Morgan Stanley plans to price trigger PLUS linked to S&P 500
By Marisa Wong
Madison, Wis., March 3 – Morgan Stanley plans to price 0% trigger Performance Leveraged Upside Securities due March 31, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any index gain.
Investors will receive par if the index falls by up to 50% and will be fully exposed to any losses if the index drops to or below the 50% trigger level.
Morgan Stanley & Co. LLC is the agent.
The notes will price on March 26 and settle on March 31.
The Cusip number is 61761JXE4.
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