Morgan Stanley plans contingent income autocallables on Russell, Stoxx

By Susanna Moon

Chicago, April 6 – Morgan Stanley Finance LLC plans to price contingent income autocallable securities due April 29, 2031 linked to the worse performing of the Russell 2000 index and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The coupon will be fixed at 8% for the first two years, payable quarterly. After that, the notes will pay a contingent quarterly coupon at an annual rate of 8% if each index closes at or above its barrier level, 50% of its initial level, on the determination date for that quarter.

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

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The notes will price on April 26 and settle on April 29.

The Cusip number is 61766BAM3.

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