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Morgan Stanley plans autocallable securities linked to Euro Stoxx
By Marisa Wong
Madison, Wis., Dec. 8 – Morgan Stanley plans to price 0% autocallable securities with conditional observation due Dec. 22, 2017 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be called at par plus a premium of 8.6% per year if the index closes at or above the initial level on any of the first five semiannual determination dates.
If the notes are not called and the index gains, the payout at maturity will be par plus 150% of the index return.
If the notes are not called and the final index level is below the initial level but at or above the trigger level, 75% of the initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial level.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Dec. 19 and settle on Dec. 24.
The Cusip number is 61764M216.
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