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Morgan Stanley to price trigger autocallable notes tied to Euro Stoxx
By Toni Weeks
San Luis Obispo, Calif., Jan. 5 – Morgan Stanley plans to price 0% trigger autocallable optimization securities due Jan. 15, 2020 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
The notes will be called at par of $10 plus a call return of 9% per year if the index closes at or above the initial index level on any quarterly observation date beginning Jan. 15, 2016.
If the notes are not called and the index finishes at or above the trigger level, 64% to 69% of the initial level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses.
The notes (Cusip: 61764M596) will price Jan. 9 and settle Jan. 14.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
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