Morgan Stanley plans to price trigger PLUS due 2022 tied to Russell

By Sarah Lizee

Olympia, Wash., May 28 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due Oct. 13, 2022 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

The payout at maturity will be par of $10 plus 140% of any index gain, capped at par plus 47%. Investors will receive par if the index falls by up to 20% and will be exposed to the index’s decline from its initial level if it finishes below the 80% trigger level.

Morgan Stanley & Co. LLC and Morgan Stanley Wealth Management are the agents.

The notes will price May 31.

The Cusip number is 61768Y547.

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