Morgan Stanley plans to price buffered PLUS tied to Russell, Nasdaq

By Sarah Lizee

Olympia, Wash., June 12 – Morgan Stanley Finance LLC plans to price 0% buffered Performance Leveraged Upside Securities due June 19, 2024 linked to the worse performing of the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If each index finishes above the initial level, the payout at maturity will be par plus 186% of the gain of the worse performing index.

If either index falls but neither below the 90% downside threshold, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the lesser performing index beyond 10%.

Morgan Stanley & Co. LLC is the agent.

The notes will price on June 14.

The Cusip number is 61769HHD0.

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