Morgan Stanley aims to sell trigger PLUS tied to Dow, Russell indexes

By Devika Patel

Knoxville, Tenn., Dec. 10 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due Jan. 3, 2024 linked to the lesser performing of the Dow Jones industrial average and the Russell 2000 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 the initial level, the payout at maturity will be par of $1,000 plus 400% of the return of the worse performing index, subject to a maximum payout of at least $1,750 per $1,000 of notes that will be set at pricing.

If each index finishes at or above the 60% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses of the worse performing index.

Morgan Stanley & Co. LLC is the agent.

The notes (Cusip: 61768DSB2) will price on Dec. 28 and settle on Jan. 3.

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