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Morgan Stanley plans dual directional trigger PLUS linked to S&P 500
By Susanna Moon
Chicago, Feb. 5 – Morgan Stanley plans to price 0% dual directional Trigger Performance Leveraged Upside Securities due Feb. 19, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus 123% of any index gain.
If the index falls by up to the 70% trigger level, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Feb. 13 and settle on March 19.
The Cusip number is 61764V208.
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