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Morgan Stanley plans trigger autocallable notes tied to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., April 1 – Morgan Stanley plans to price 0% trigger autocallable optimization securities due April 16, 2020 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 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 beginning April 15, 2016.
If the notes are not called and the index finishes at or above the trigger level, 61% to 67% of the initial index level, the payout at maturity will be par. If the index finishes below the trigger level, investors will lose 1% for every 1% that the final index level is less than the initial level.
The notes (Cusip: 61764V661) are expected to price April 10 and settle April 15.
Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is the dealer.
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