Morgan Stanley plans trigger PLUS due 2019 with no cap tied to S&P 500

By Susanna Moon

Chicago, May 17 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due Nov. 25, 2019 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

The payout at maturity will be par plus 126.5% of any index gain.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.

Morgan Stanley & Co. LLC is the agent.

The notes will price on May 20 and settle on May 25.

The Cusip number is 61766B465.

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