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Morgan Stanley plans contingent income notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., May 23 - Morgan Stanley plans to price contingent income securities due May 2028 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at an annualized rate of 8.35% if the index closes at or above the coupon barrier level, 75% of the initial index level, on the observation date for that quarter.
The payout at maturity will be par unless the index finishes below the downside threshold level, 50% of the initial index level, in which case investors will lose 1% for every 1% that the final index level is below the initial index level.
Morgan Stanley & Co. LLC is the agent.
The notes will price and settle in May.
The Cusip number is 61761JGW3.
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