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Morgan Stanley to price autocallable securities tied to Euro Stoxx
By Wendy Van Sickle
Columbus, Ohio, Jan. 9 – Morgan Stanley Finance LLC plans to offer 0% autocallable securities due Jan. 25, 2022 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
After one year, if the index closes at or above its initial level on any quarterly observation date, Morgan Stanley will call the notes at par of $10 plus an annualized call premium of 10.5%.
If the index finishes at or above its initial level, the payout at maturity will be par plus 52.5%; if the index finishes below its initial level but at or above the 75% downside threshold level, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% decline.
Morgan Stanley & Co. LLC is the agent.
The notes (Cusip: 61766V172) will price on Jan. 20 and settle on Jan. 25.
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