Morgan Stanley plans to price buffered PLUS due 2020 tied to S&P 500

By Sarah Lizee

Olympia, Wash., July 18 – Morgan Stanley Finance LLC plans to price 0% buffered Performance Leveraged Upside Securities due Jan. 24, 2020 linked to the S&P 500 index, according to an FWP filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any index gain, up to a maximum amount of $11.015 per $10 PLUS.

Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond the buffer.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management handling distribution.

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

The Cusip number is 61768R351.

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