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Published on 1/31/2020 in the Prospect News Structured Products Daily.

Morgan Stanley plans buffered participation securities tied to S&P

By Sarah Lizee

Olympia, Wash., Jan. 31 – Morgan Stanley Finance LLC plans to price 0% buffered participation securities due Feb. 6, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The payout at maturity will be par plus any index gain.

Investors will receive par if the index declines by up to 30% and will be exposed to losses beyond the buffer.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Feb. 3.

The Cusip number is 61770FFP6.


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