Morgan Stanley plans autocallable step-up notes linked to Euro Stoxx 50

By Susanna Moon

Chicago, Sept. 20 - Morgan Stanley plans to price market-linked autocallable step-up notes due Sept. 28, 2032 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 1,800 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 8% for years six through 10, to 9% for years 11 through 15 and 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 September 2017.

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 Sept. 26 and settle on Sept. 28.

The Cusip number is 6174822J2.

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