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Morgan Stanley plans dual directional trigger PLUS on Dow, Russell
New York, May 22 – Morgan Stanley Finance LLC plans to price 0% dual directional trigger Performance Leveraged Upside Securities due May 31, 2023 linked to the worse performing of the Dow Jones Industrial average and the Russell 2000 index, according to an FWP filed with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If both indexes finish above their initial levels, the payout at maturity will be par plus 350% of the return of the worse performing index capped at par plus 70%.
If either index declines but both close at or above their 70% trigger levels, the payout will be par plus the absolute return of the worse performing index.
Otherwise, investors will be fully exposed to the loss of the worse performing index.
Morgan Stanley & Co. LLC is the agent.
The notes will price on May 29 and settle on May 31.
The Cusip number is 61768C3F2.
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