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Morgan Stanley plans five-year trigger PLUS with no cap tied to S&P 500
By Susanna Moon
Chicago, Feb. 3 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due Feb. 28, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The payout at maturity will be par of $10 plus 125% of any gain in the index.
Investors will receive par if the index falls by up to 40% and will be fully exposed to any losses if the index finishes below the 60% trigger level.
Morgan Stanley & Co. LLC is the agent, with Morgan Stanley Wealth Management handling distribution.
The notes will price on Feb. 23 and settle on Feb. 28.
The Cusip number is 61768CER4.
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