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Morgan Stanley plans contingent coupon autocallables linked to S&P
By Susanna Moon
Chicago, Oct. 3 - Morgan Stanley plans to price market-linked autocallable notes due October 2026 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The coupon will be 8% if the index closes at or above 840 on any quarterly observation date. Interest is payable quarterly.
The notes are callable on any quarterly redemption date after four years if the index closes at or above the initial level.
The payout at maturity will be par.
Morgan Stanley & Co. LLC is the agent.
The notes will price and settle in October.
The Cusip number is 617482YW8.
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