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Morgan Stanley plans to price trigger PLUS linked to S&P 500 index
By Jennifer Chiou
New York, March 31 – Morgan Stanley plans to price 0% trigger Performance Leveraged Upside Securities due April 30, 2025 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any index gain.
Investors will receive par if the index falls by up to 50% and will be fully exposed to any losses if the index drops to or below the 50% trigger level.
The notes (Cusip: 61761JYA1) will price on April 27 and settle on April 30.
Morgan Stanley & Co. LLC is the agent.
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