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Morgan Stanley plans trigger PLUS linked to S&P 500, Russell 2000
By Tali Rackner
Norfolk, Va., Oct. 1 – Morgan Stanley plans to price 0% trigger Performance Leveraged Upside Securities due Oct. 30, 2020 linked to the worst performing of the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the final value of each index is positive, the payout at maturity will be par of $1,000 plus 1.8 times the return of the lesser-performing index.
Investors will receive par if the lesser-performing index declines by 35% or less and will lose 1% for each 1% that the lesser-performing index declines beyond 35%.
Morgan Stanley & Co. LLC is the agent.
The notes will price Oct. 27 and settle Oct. 30.
The Cusip number is 61761JM97.
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