Morgan Stanley plans contingent income autocallables tied to indexes

By Susanna Moon

Chicago, Sept. 25 – Morgan Stanley Finance LLC plans to contingent income autocallable securities due Oct. 4, 2022 linked to the worse performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 6.4% to 6.6% if each index closes at or above its 70% coupon barrier on the determination date for that quarter.

The notes will be called at par if each index closes at or above its initial level on any quarterly redemption date after one year.

The payout at maturity will be par plus the contingent coupon unless any index finishes below its 55% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performing index.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The notes will settle on Sept. 29.

The Cusip number is 61768CQN0.

© 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.