Morgan Stanley to price contingent income notes linked to two indexes

By Angela McDaniels

Tacoma, Wash., Aug. 4 – Morgan Stanley plans to price contingent income securities due Aug. 29, 2029 linked to the worst performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly. The interest rate will be 6% for the first six years. In years seven through 15, the notes will pay a contingent coupon at an annual rate of 6% if each index closes at or above its barrier level, 50% of its initial level, on the observation date for that month.

If the final level of each index is greater than or equal to its barrier level, the payout at maturity will be par plus the final coupon. If the final level of either index is less than its barrier level, investors will lose 1% for every 1% that the worst-performing index’s final level is less than its initial level.

Morgan Stanley & Co. LLC is the agent.

The notes will price Aug. 26 and settle Aug. 29.

The Cusip number is 61761JSJ9.

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