Morgan Stanley plans to price trigger PLUS due 2024 tied to S&P 500

By Sarah Lizee

Olympia, Wash., Aug. 31 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due Oct. 3, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

The payout at maturity will be par of $10 plus 140% of any gain in the index.

Investors will receive par if the index falls by up to 35% and will lose 1% for each 1% decline of the index from its initial level if it finishes below the 65% trigger level.

Morgan Stanley & Co. LLC is the agent, with Morgan Stanley Wealth Management handling distribution.

The notes (Cusip: 61768R773) will price on Sept. 28 and settle on Oct. 3.

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