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Morgan Stanley plans trigger performance notes linked to S&P 500
By Susanna Moon
Chicago, Nov. 7 – Morgan Stanley plans to price 0% trigger performance securities due Nov. 29, 2019 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 109% to 119% of any index gain, with the exact participation rate to be set at pricing.
Investors will receive par if the index falls by up to 40% and will be fully exposed to any losses if the index finishes below the 60% trigger level.
Morgan Stanley & Co. LLC is the underwriter with UBS Financial Services Inc. as agent.
The notes will price on Nov. 24 and settle on Nov. 28.
The Cusip number is 61764C663.
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