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Morgan Stanley plans trigger PLUS on basket of indexes, ETF
By Sarah Lizee
Olympia, Wash., Nov. 4 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due Nov. 12, 2021 linked an unequally weighted basket of the S&P 500 index with a 40% weight, the Russell 2000 index with a 10% weight, the S&P MidCap 400 index with a 20% weight and the iShares MSCI EAFE ETF with a 30% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the basket finishes above its initial level, the payout at maturity will be par plus 150% of the gain, capped at par plus 22%.
Investors will receive par if the basket falls by up to 25% and will be fully exposed to any losses if the basket finishes below its 75% trigger level.
Morgan Stanley & Co. LLC is the agent.
The notes will price Nov. 8.
The Cusip number is 61769HZR9.
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