Morgan Stanley plans five-year trigger PLUS with cap on Dow, Russell

By Susanna Moon

Chicago, Nov. 9 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due Nov. 30, 2023 linked to the worse performing of the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.

If each index finishes above its initial level, the payout at maturity will be par plus 400% of the gain of the worse performing index, up to a maximum amount of $1,650 per $1,000 principal amount.

If either index falls by up to 40%, 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 Nov. 27.

The Cusip number is 61768DPP4.

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