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Morgan Stanley plans trigger autocallable optimization notes on Euro Stoxx
By Jennifer Chiou
New York, March 4 – Morgan Stanley plans to price 0% trigger autocallable optimization securities due March 19, 2020 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
Beginning on March 18, 2016, 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 level on any quarterly observation date.
If the notes are not called and the index finishes at or above the trigger level, 63% to 68% of the initial index 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. The exact trigger level will be set at pricing.
The notes (Cusip: 61764V380) are expected to price on March 13 and settle on March 18.
Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the underwriters.
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