| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
Morgan Stanley Finance plans trigger autocallable notes on Euro Stoxx
By Tali Rackner
Norfolk, Va., May 20 – Morgan Stanley Finance LLC plans to price 0% trigger autocallable notes due May 28, 2021 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
After June 1, 2017, 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 level on any quarterly observation date.
If the notes are not called and the index finishes at or above the downside threshold level, 55% to 62% of the initial level, the payout at maturity will be par. The exact downside threshold will be set at pricing.
Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial level.
Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is the dealer.
The notes will price on May 26 and settle on May 31.
The Cusip number is 61766B473.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.