Morgan Stanley to price trigger PLUS linked to Russell 2000, Dow

By Angela McDaniels

Tacoma, Wash., May 7 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due May 31, 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 above its initial level, the payout at maturity will be par plus 400% of the lesser-performing index’s return, subject to a maximum return that is expected to be 57% to 62% and will be set at pricing.

If the final level of either index is less than or equal to its initial level but the final level of each index is greater than or equal to its trigger level, the payout will be par. For each index, the trigger level will be 60% of its initial level.

If the final level of either index is less than its trigger level, investors will be exposed to the decline of the lesser-performing index from its initial level.

Morgan Stanley & Co. LLC is the agent.

The notes will price May 28.

The Cusip number is 61768D7Q2.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.