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Morgan Stanley plans trigger PLUS due 2025 linked to S&P 500
By Marisa Wong
Madison, Wis., June 4 – Morgan Stanley plans to price 0% trigger Performance Leveraged Upside Securities due June 30, 2025 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above the initial index level, the payout at maturity will be par of $10 plus 160% of the return.
If the index falls by up to the 50% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
The notes will price on June 25 and settle on June 30.
The Cusip number is 61761JA33.
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