Morgan Stanley plans 8.25%-9.25% contingent income autocalls on indexes

By Susanna Moon

Chicago, April 16 – Morgan Stanley Finance LLC intends to issue contingent income autocallable securities due May 2, 2028 linked to the worse performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8.25% to 9.25% if each index closes at or above its 75% coupon threshold on the determination date for that quarter.

The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any call review date after one year.

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

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The notes will price on April 26 and settle on April 30.

The Cusip number is 61768CU39.

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