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Morgan Stanley plans five-year trigger PLUS tied to S&P 500, Russell
By Susanna Moon
Chicago, Sept. 25 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due Oct. 4, 2022 linked to the worse performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If each index closes at or above its initial level, the payout at maturity will be par of $10 plus at least 160% of any index gain.
If either index falls but by up to 50%, the payout will be par.
If either index finishes below its 50% trigger level, investors will lose 1% for each 1% decline of the worse performing index.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Sept. 29 and settle on Oct. 4.
The Cusip number is 61768CQM2.
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