Morgan Stanley plans uncapped trigger PLUS linked to S&P, Russell

By Susanna Moon

Chicago, Aug. 15 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due March 5, 2026 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus double the gain of the worse performing index.

Investors will receive par if either index falls but by no more than 50% and will be fully exposed to any losses of the worse performing index if it finishes below the 50% trigger level.

The notes will be guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Aug. 28 and settle on Aug. 31.

The Cusip number is 61768CNR4.

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