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Morgan Stanley to price buffered participation securities on basket
By Sarah Lizee
Olympia, Wash., May 20 – Morgan Stanley Finance LLC plans to price 0% buffered participation securities due May 26, 2022 linked to a basket containing the S&P 500 index with an 80% weight and the iShares MSCI EAFE ETF with a 20% weight, according to a 424B2 with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The payout at maturity will be par plus any basket gain.
Investors will receive par if the basket falls by up to 20% and will lose 1% for every 1% decline beyond the 20% buffer.
Morgan Stanley & Co. LLC is the agent.
The notes will price on May 23.
The Cusip number is 61768Y554.
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