Morgan Stanley eyes dual directional trigger PLUS on WisdomTree Japan

By Devika Patel

Knoxville, Tenn., Dec. 19 – Morgan Stanley Finance LLC plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Jan. 3, 2020 linked to the WisdomTree Japan Hedged Equity fund, according to an FWP with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

If the fund finishes at or above its initial level, the payout at maturity will be par plus 200% of the gain.

If the fund falls but finishes at or above the 80% trigger level, the payout will be par plus the absolute value of the return.

Otherwise, investors will lose 1% for each 1% decline.

Morgan Stanley & Co. LLC is the agent.

The notes (Cusip: 61766F763) will price on Dec. 29 and settle on Jan. 4.

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