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Morgan Stanley plans three-year trigger PLUS on S&P, Stoxx basket
By Susanna Moon
Chicago, Sept. 21 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due Oct. 1, 2021 linked to a basket consisting of the S&P 500 index and the Euro Stoxx 50 index, equally weighted, according to a 424B2 filed with the Securities and Exchange Commission.
If the basket finishes above its initial level, the payout at maturity will be par plus 159.5% of the gain.
If the basket falls by up to 25%, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Sept. 28 and settle on Oct. 3.
The Cusip number is 61768T217.
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