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Morgan Stanley plans five-year trigger gears linked to S&P 500
By Marisa Wong
Morgantown, W.Va., June 26 – Morgan Stanley Finance LLC plans to price 0% trigger gears due June 30, 2022 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 index return is positive, the payout at maturity will be par of $10 plus 1.32 to 1.42 times the index gain. Investors will receive par if the index declines by 25% or less and will lose 1% for each 1% decline from its initial level if the index declines by more than 25%.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as placement agent.
The notes will price on June 27.
The Cusip number is 61766W790.
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