Morgan Stanley plans market-linked step-up autocallables on Euro Stoxx

By Susanna Moon

Chicago, Dec. 28 - Morgan Stanley plans to price market-linked autocallable step-up notes due Jan. 31, 2033 with five-year initial non-call linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above the 80% barrier level on a monthly determination date, the notes will pay a contingent monthly coupon at an annualized rate of 7% for the first five years, stepping up to 9% for years six through 10, to 10% for years 11 through 15 and to 15% after that.

The notes will be redeemed at par plus the contingent monthly coupon if the index closes at or above the initial index level on any quarterly redemption determination date beginning in January 2018.

The payout at maturity will be par plus the final contingent monthly coupon.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Jan. 28 and settle on Jan. 31.

The Cusip number is 61761JBC2.

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