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Morgan Stanley plans autocallable securities linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., May 26 – Morgan Stanley Finance LLC plans to price 0% autocallable securities due June 21, 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.
The notes will be redeemed at par of $10 plus 12.3% per year if the index closes at or above its initial level on any of four annual determination dates.
If the index finishes at or above its initial level, the payout at maturity will be par plus 61.5%. Investors will receive par if the index falls by up to 15% and will have one-to-one exposure to the index’s decline from its initial level if it falls beyond 15%.
Morgan Stanley & Co. LLC is the agent.
The notes will price June 16.
The Cusip number is 61766W667.
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