Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
Morgan Stanley to price autocallables linked to Euro Stoxx 50 index
By Angela McDaniels
Tacoma, Wash., Feb. 4 - Morgan Stanley plans to price market-linked autocallable 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 at the rate of 8% per year for that month.
Beginning in February 2018, the notes will be redeemed at par plus the contingent monthly coupon if the index closes at or above the redemption threshold level, 125% of the initial index level, on any quarterly redemption determination date.
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 61761JCB3.
© 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.