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Morgan Stanley plans to price trigger PLUS due 2021 linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Oct. 15 – Morgan Stanley plans to price 0% trigger Performance Leveraged Upside Securities due Nov. 4, 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 plus 161% of the index return. Investors will receive par if the index declines by 25% or less and will be fully exposed to the index’s decline from its initial level if it falls by more than 25%.
Morgan Stanley & Co. LLC is the agent.
The notes will price Oct. 30 and settle Nov. 4.
The Cusip number is 61765R735.
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