By Susanna Moon
Chicago, Nov. 26 – Morgan Stanley priced $1.2 million of autocallable contingent income securities due Nov. 26, 2029 linked to the worst performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 9% if each index closes at or above its initial level on the observation date for that quarter.
The payout at maturity will be par plus the final coupon unless either index finishes below its trigger level, 50% of the initial level, in which case investors will be fully exposed to any losses of the worst performing index.
The notes will be called at par plus the coupon if each index closes at or above its initial level on any call date after one year.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
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| Issue: | Autocallable contingent income securities
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| Underlying indexes: | Russell 2000 and Euro Stoxx 50
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| Amount: | $1,199,000
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| Maturity: | Nov. 26, 2029
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| Coupon: | 9% annualized for each quarter that both indexes close at or above initial level on the observation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus coupon unless either index finishes below its barrier level, in which case investors will be fully exposed to any losses of the worst performing index
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| Call: | At par plus coupon if each index closes at or above initial level on any call date beginning Nov. 26, 2015
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| Initial index levels: | 1,172.416 for Russell and 3,194.22 for Euro Stoxx
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| Trigger levels: | 586.208 for Russell and 1,597.11 for Euro Stoxx; 50% of initial levels
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| Pricing date: | Nov. 21
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| Settlement date: | Nov. 26
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.5%
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| Cusip: | 61761JUM9
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