Morgan Stanley plans contingent income autocallables linked to indexes

By Angela McDaniels

Tacoma, Wash., March 6 - Morgan Stanley plans to price contingent income autocallable securities due March 2017 linked to the worst performing of the Euro Stoxx 50 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

If each index closes at or above its barrier level, 80% of its initial index level, on a quarterly determination date, the notes will pay a contingent payment at an annualized rate of 8.75% for that quarter.

The notes will be called at par plus the contingent coupon if each index closes at or above its respective initial level on any quarterly redemption determination date.

The payout at maturity will be par plus the final contingent coupon unless either index finishes below its barrier level, in which case investors will be fully exposed to the decline of the worst-performing index.

Morgan Stanley & Co. LLC is the agent.

The notes will price and settle in March.

The Cusip number is 61761JPR4.

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