Morgan Stanley plans 7.9% contingent income callables on index, fund

By Susanna Moon

Chicago, Feb. 12 – Morgan Stanley Finance LLC plans to price callable contingent income securities due Feb. 21, 2020 linked to the Euro Stoxx 50 index and the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annul rate of 7.9% if each underlying component closes at or above its 70% coupon barrier on the observation date for that quarter.

The notes are callable at par on any quarterly call date after six months.

The payout at maturity will be par plus the contingent coupon unless either component finishes below its 70% downside threshold, in which case investors will be fully exposed to any losses of the worse performing index or fund.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Feb. 16 and settle on Feb. 22.

The Cusip number is 61768CA98.

© 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.