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Morgan Stanley plans dual direction trigger PLUS tied to S&P, Russell
By Susanna Moon
Chicago, Jan. 14 – Morgan Stanley Finance LLC plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Jan. 25, 2024 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, 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 at least 126% of the gain of the worse performing index.
If either index falls by up to 40%, the payout will be par plus the absolute value of the index return of the worse performing index.
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 Jan. 18.
The Cusip number is 61768DZH1.
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