Morgan Stanley plans to price trigger autocallable contingent yield notes on Stoxx, Russell

By Tali Rackner

Minneapolis, June 13 – Morgan Stanley Finance LLC plans to price trigger autocallable contingent yield notes due June 23, 2027 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

Each quarter, the notes will pay a contingent coupon at an annual rate of 6% if each index closes at or above its coupon barrier on the observation date for that quarter. The coupon barrier is expected to be between 51.75% and 56.75% of the initial level and will be set at pricing.

After one year, the notes will be automatically called at par of $10 if each index closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par unless either index finishes below its 51.75% to 56.75% downside threshold level, in which case investors will be fully exposed to the decline of the lesser-performing index.

UBS Financial Services Inc. and Morgan Stanley & Co. LLC are the underwriters.

The notes will price June 16 and settle on June 21.

The Cusip number is 61766W832.

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