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

By Angela McDaniels

Tacoma, Wash., Feb. 4 - Morgan Stanley plans to price market-linked autocallable step-up notes due Feb. 28, 2033 with five-year initial non-call period 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 80% barrier level on a monthly determination date, the notes will pay a contingent coupon for that month. The interest rate is 7% per year in years one through five, 8% per year in years six through 10, 10% per year in years 11 through 15 and 15% per year in years 16 through 20.

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 February 2018.

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

Morgan Stanley & Co. LLC is the agent.

The notes will price Feb. 25 and settle Feb. 28.

The Cusip number is 61761JBZ1.

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