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Morgan Stanley plans trigger PLUS linked to Russell 2000
By Susanna Moon
Chicago, April 20 – Morgan Stanley plans to price 0% Trigger Performance Leveraged Upside Securities due May 5, 2021 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus 133% of the return.
If the index falls by up to the 80% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
The notes will price on April 30 and settle on May 5.
The Cusip number is 61764V745.
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