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Morgan Stanley to price contingent coupon notes linked to two indexes
By Toni Weeks
San Luis Obispo, Calif., May 1 - Morgan Stanley plans to price contingent coupon notes due May 30, 2034 linked to the worst performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 7% if each index closes at or above its barrier level, 80% of its initial level, on the observation date for that month.
The payout at maturity will be par plus the final coupon, if any.
The notes (Cusip: 61761JQR3) are expected to price May 27 and settle May 30.
Morgan Stanley & Co. LLC is the agent.
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