Morgan Stanley plans to price buffered PLUS linked to indexes, EM ETF

By Angela McDaniels

Tacoma, Wash., April 25 – Morgan Stanley Finance LLC plans to price 0% buffered Performance Leveraged Upside Securities due May 5, 2023 linked to a basket consisting of the S&P 500 index with a 50% weight, the Euro Stoxx Select Dividend 30 index with a 30% weight and the iShares MSCI Emerging Markets exchange-traded fund with a 20% weight, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

If the final basket level is greater than the initial basket level, the payout at maturity will be par plus at least 140% of the basket return. The exact leverage factor will be set at pricing.

If the final basket level is less than or equal to the initial basket level but greater than or equal to 95% of the initial basket level, investors will lose 1% for every 1% that the basket declines from its initial level.

If the final basket level is less than 95% of the initial basket level but greater than or equal to 65% of the initial basket level, the payout will be $950 per $1,000 principal amount of notes.

If the final basket level is less than 65% of the initial basket level, investors will lose 1% for every 1% that the basket declines beyond 30%.

Morgan Stanley & Co. LLC is the agent.

The notes will price April 29.

The Cusip number is 61768D7E9.

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