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Morgan Stanley plans five-year trigger PLUS linked to S&P, Russell
By Sarah Lizee
Olympia, Wash., Oct. 9 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due Oct. 31, 2023 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to an FWP filed with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus at least 125% the gain of the worse performing index.
If either index falls by up to 50%, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Oct. 26 and settle on Oct. 31.
The Cusip number is 61768DGM1.
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