Morgan Stanley plans 15-year market-linked autocallables on S&P 500

By Susanna Moon

Chicago, March 16 - Morgan Stanley plans to price 0% market-linked autocallable notes due March 30, 2027 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon of 7.5% annualized if the index closes above the 975 barrier level on any observation date.

If the index closes above its initial level on any quarterly call date, the notes will be called at par plus the contingent coupon.

The payout at maturity will be par.

Morgan Stanley & Co. LLC is the agent.

The notes will price on March 27 and settle on March 30.

The Cusip number is 617482H56.

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