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Morgan Stanley plans enhanced trigger participation securities on S&P
By Sarah Lizee
Olympia, Wash., Oct. 21 – Morgan Stanley Finance LLC plans to price 0% enhanced trigger participation securities due Oct. 30, 2029 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the final index level is greater than or equal to the strike value, 65% of the initial index level, the payout at maturity will be par plus the index strike return, which is the final index value minus the strike value, divided by the initial index value.
Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
Morgan Stanley & Co. LLC is the agent.
The notes will price Oct. 25.
The Cusip number is 61769HB20.
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