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Morgan Stanley plans to price trigger PLUS due 2021 linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Aug. 4 – Morgan Stanley plans to price 0% trigger Performance Leveraged Upside Securities due Sept. 3, 2021 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 135% of the index return. Investors will receive par if the index declines by 35% or less and will be fully exposed to the index’s decline from its initial level if it falls by more than 35%.
Morgan Stanley & Co. LLC is the agent.
The notes will price Aug. 31 and settle Sept. 3.
The Cusip number is 61765G796.
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