Morgan Stanley plans 9.25% contingent income notes on three indexes

By Susanna Moon

Chicago, June 13 – Morgan Stanley Finance LLC plans to price contingent income securities due July 1, 2032 linked to the least performing of the S&P 500 index, the Russell 2000 index and 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 pay a contingent monthly coupon at an annual rate of 9.25% if each index closes at or above its 75% coupon barrier on the observation date for that month.

The payout at maturity will be par unless either index finishes below its 50% downside threshold, in which case investors will be fully exposed to the decline of the worse performing index.

Morgan Stanley & Co. LLC is the agent, with Morgan Stanley Wealth Management handling distribution.

The notes will price on June 27 and settle on June 30.

The Cusip number is 61768CKL0.

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