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Morgan Stanley plans seven-year trigger gears on S&P 500, Russell 2000
By Wendy Van Sickle
Columbus, Ohio, April 25 – Morgan Stanley Finance LLC plans to price 0% trigger gears due April 30, 2025 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the return of both indexes is positive, the payout at maturity will be par plus the return of the lesser performing index multiplied by the upside leverage, which will be at least 1.765 times and will be set at pricing.
If either index declines but both end at or above the 50% downside threshold then the payout will be par.
Investors will be fully exposed to the return of the lesser performing index if either index ends below the downside threshold.
UBS Financial Services Inc. and Morgan Stanley are the agents.
The notes will price on April 26 and settle on April 30.
The Cusip number is 61768Q122.
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