Morgan Stanley plans part principal at risk notes tied to Stoxx, fund

By Susanna Moon

Chicago, June 15 – Morgan Stanley Finance LLC plans to price 0% equity-linked partial principal at risk securities due June 2020 to September 2020 linked to the worse performing of the Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF, according to an FWP filing with the Securities and Exchange Commission.

If each underlying component finishes at or above its initial level, the payout at maturity will be par plus the gain of the worse performing index or fund.

If either component falls, the payout will be par plus the return of the worse performing index or fund, with a minimum payout of $950 per $1,000 of notes.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The notes will price on June 22 and settle on June 27.

The exact deal terms including maturity date will be set at pricing.

The Cusip number is 61768C4T1.

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