Morgan Stanley to price trigger PLUS due 2020 linked to S&P 500 index

By Angela McDaniels

Tacoma, Wash., March 3 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due March 31, 2020 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 125% of the index return. If the index declines but finishes at or above the trigger level, 70% of the initial index level, the payout will be par. If the index finishes below the trigger level, investors will lose 1% for every 1% that the index declines from its initial level.

Morgan Stanley & Co. LLC is the agent.

The notes will price March 28.

The Cusip number is 61766BAA9.

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