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Morgan Stanley plans to price buffered PLUS linked to S&P 500
By Sarah Lizee
Olympia, Wash., April 8 – Morgan Stanley Finance LLC plans to price 0% buffered Performance Leveraged Upside Securities due Nov. 3, 2021 tied to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 200% of the index return.
If the final index level is less than or equal to the initial index level but has decreased from the initial index level by no more than 10%, the payout will be par.
If the final index level has decreased from the initial index level by more than 20%, investors will lose 1% for every 1% decline beyond 10%.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is a dealer.
The notes will price April 12.
The Cusip number is 61768X788.
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