Morgan Stanley plans contingent income notes linked to Russell, Stoxx

New York, Dec. 2 – Morgan Stanley plans to price contingent income participation securities due Dec. 24, 2029 linked to the worst performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 6% if each index closes at or above its coupon barrier level, 65% of its initial level, on the observation date for that month.

If both indexes finish above their initial level, the payout at maturity will be par plus the return on the worst performing index plus the contingent coupon.

If either index finishes below its initial level but both finish above the 50% downside threshold level, investors will receive par. They will also receive the contingent coupon if both indexes finish above the 65% coupon barrier level.

If either index finishes below the 50% downside threshold level, investors will be fully exposed to any losses of the worse performing index.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Dec. 19 and settle on Dec. 24.

The Cusip number is 61761JVE6.

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