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Morgan Stanley plans coupon notes tied to Russell 2000, Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Dec. 22 – Morgan Stanley plans to price coupon notes due Dec. 29, 2034 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.
The notes will pay a monthly contingent coupon at an annualized rate of 7% if each index closes at or above the 80% barrier level on the observation date for that month.
The payout at maturity will be par plus the contingent coupon, if any.
Morgan Stanley & Co. LLC is the agent.
The notes will price Dec. 23 and settle Dec. 29.
The Cusip number is 61761JVH9.
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