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Morgan Stanley plans trigger autocallables linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Sept. 9 – Morgan Stanley plans to price 0% trigger autocallable optimization securities due Sept. 18, 2019 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
Beginning Sept. 21, 2015, the notes will be called at par of $10 plus a call return of 8% per year if the index closes at or above the initial index level on any quarterly observation date.
If the notes are not called and the index finishes at or above the trigger index level, 68% to 72% of the initial index level, the payout at maturity will be par. Otherwise, investors will be exposed to the index’s decline from its initial level.
The exact trigger level will be set at pricing.
Morgan Stanley & Co. LLC is the agent, and UBS Financial Services Inc. is dealer.
The notes are expected to price Sept. 12 and settle Sept. 17.
The Cusip number is 61758S849.
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