Morgan Stanley plans contingent income notes on Russell, Euro Stoxx

By Jennifer Chiou

New York, Dec. 31 - Morgan Stanley plans to price contingent income participation securities due Jan. 31, 2024 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.

If, on any monthly observation date, the closing value of each index closes at or above its 65% coupon barrier level, the notes will pay an annualized contingent coupon of 5%.

The payout at maturity will be par plus the final monthly coupon unless either index finishes below its 50% trigger level, in which case investors will be fully exposed to the losses of the worst performing index.

The notes (Cusip: 61761JNT2) are expected to price on Jan. 28 and settle on Jan. 31.

Morgan Stanley & Co. LLC is the agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.