Morgan Stanley plans 7% contingent coupon range accrual notes on S&P

By Susanna Moon

Chicago, Oct. 21 - Morgan Stanley plans to price contingent coupon range accrual notes due Oct. 31, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The coupon will accrue at 7% per year on each day that the index closes at or above 875. Interest is payable monthly.

The payout at maturity will be par.

Morgan Stanley & Co. LLC will be the agent.

The notes will price on Oct. 27 and settle on Oct. 31.

The Cusip number is 617482D43.

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