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Morgan Stanley will price dual directional trigger PLUS on S&P 500
By Sarah Lizee
Olympia, Wash., Sept. 23 – Morgan Stanley Finance LLC plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Sept. 30, 2024 linked 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 index finishes at or above its initial level, the payout at maturity will be par plus at least 125% of the gain, capped at par plus 50%.
If the index falls but finishes at or above the 70% trigger level, the payout will be par plus the absolute value of the return.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
Morgan Stanley & Co. LLC is the agent.
The notes (Cusip: 61769HTC9) will price on Sept. 25.
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