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Morgan Stanley will price trigger PLUS due 2022 tied to S&P 500 index
By Devika Patel
Knoxville, Tenn., March 23 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due March 31, 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 110.5% of any gain in the index.
Investors will receive par if the index falls by up to 35% and will lose 1% for each 1% decline of the index from its initial level if it finishes below the 65% trigger level.
Morgan Stanley & Co. LLC is the agent, with Morgan Stanley Wealth Management handling distribution.
The notes (Cusip: 61768P520) will price on March 26 and settle on March 29.
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