Morgan Stanley plans contingent income notes linked to two indexes

By Susanna Moon

Chicago, July 2 – Morgan Stanley plans to price contingent income participation securities due July 31, 2030 linked to the worse performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 6.5% if each index closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that month.

The payout at maturity will be par plus the final coupon unless either index finishes below its 50% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

Morgan Stanley & Co. LLC is the agent.

The notes will price on July 28 and settle on July 31.

The Cusip number is 61761JB73.

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