Morgan Stanley to price trigger PLUS on S&P 500, Russell 2000

By Marisa Wong

Morgantown, W.Va., Feb. 20 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due Feb. 28, 2023 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If each index finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the gain of the worse performing index.

Investors will receive par if either index falls but by no more than 30% and will be fully exposed to any decline of the worse performing index if it finishes below its 70% trigger level.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Feb. 23.

The Cusip number is 61768CZJ9.

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