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Morgan Stanley plans trigger autocallables linked to Euro Stoxx 50
By Marisa Wong
Madison, Wis., May 21 - Morgan Stanley plans to price 0% trigger autocallable optimization securities due May 31, 2019 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 initial level on any quarterly observation date beginning June 4, 2015, the notes will be automatically called at par plus a call return of 8% per year.
If the notes are not called and the index finishes at or above the trigger level, 70% to 75% of the initial level, the payout at maturity will be par. Otherwise, the investors will be fully exposed the index decline. The exact trigger level will be set at pricing.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
The notes will price on May 28 and settle on May 30.
The Cusip number is 61761S273.
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