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Morgan Stanley plans to price buffered PLUS tied to S&P 500, Nasdaq
By Sarah Lizee
Olympia, Wash., March 12 – Morgan Stanley Finance LLC plans to price 0% buffered Performance Leveraged Upside Securities due March 31, 2022 linked to the worse performing of the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If each index finishes above the initial level, the payout at maturity will be par plus 105% to 115% of the gain of the worse performing index.
If either index falls but neither below the 85% downside threshold, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser performing index beyond 15%.
Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management handling distribution.
The notes will price on March 26.
The Cusip number is 61768D2S3.
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