Morgan Stanley plans two-year buffered PLUS tied to S&P 500

By Susanna Moon

Chicago, Dec. 17 – Morgan Stanley Finance LLC plans to price buffered Performance Leveraged Upside Securities due Dec. 31, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any index gain up to a maximum return of 22% to 27%.

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

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Dec. 28.

The Cusip number is 61768DSG1.

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