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Morgan Stanley to price trigger PLUS tied to S&P 500, Russell 2000
By Devika Patel
Knoxville, Tenn., March 20 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due March 31, 2025 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the final level of each index is greater than the initial level, the payout at maturity will be par of $1,000 plus 200% of the return of the worse performing index.
If either index declines but both indexes finish at or above the 50% trigger level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index from its initial level.
Morgan Stanley & Co. LLC is the agent.
The notes (Cusip: 61768CFU6) will price on March 28 and settle on March 31.
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