Morgan Stanley plans contingent income notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., May 31 - Morgan Stanley plans to price contingent income securities due June 28, 2028 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes will pay a coupon at the rate of 8% per year if the index closes at or above its coupon barrier level on the observation date for that month. The coupon barrier level will be 75% of the index's initial index level.

The payout at maturity will be par plus the final coupon, if any, 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 are expected to price June 25 and settle June 28.

The Cusip number is 61761JHA0.

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