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Morgan Stanley plans contingent income autocallables on Euro Stoxx 50
By Susanna Moon
Chicago, Oct. 22 - Morgan Stanley plans to price contingent income autocallable securities due October 2019 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index closes at or above the 65% barrier level on any quarterly determination date, the notes will pay a contingent coupon at an annualized rate of 8% for that quarter.
If the index closes at or above the initial level on any quarterly call date after one year, the notes will be called at par plus the contingent coupon.
If the notes are not called and the index finishes at or above the barrier level, the payout at maturity will be par plus the final contingent coupon.
Otherwise, investors will be fully exposed to losses.
Morgan Stanley & Co. LLC is the agent.
The notes will price and settle in October.
The Cusip number is 6174823H5.
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