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Morgan Stanley plans 10-year trigger performance notes on S&P 500
By Susanna Moon
Chicago, Dec. 9 – Morgan Stanley plans to price 0% trigger performance securities due Dec. 31, 2025 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 147% to 167% of any index gain, with the exact participation rate to be set at pricing.
Investors will receive par if the index falls by up to 50% and will be fully exposed to any losses if the index finishes below the 50% trigger level.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
The notes will price on Dec. 28 and settle on Dec. 31.
The Cusip number is 61765U282.
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