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Morgan Stanley plans 10.01% contingent income autocalls on Stoxx 50
By Susanna Moon
Chicago, Aug. 29 – Morgan Stanley Finance LLC plans to price contingent income autocallable securities due Sept. 5, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent semiannual coupon at an annual rate of 10.01% if the underlying index closes at or above the 80% coupon barrier on the determination date for that period.
The notes will be called at par plus the contingent coupon if the index closes at or above its initial level on any determination date after six months.
The payout at maturity will be par unless the index finishes below its 75% downside threshold, in which case investors will lose 1% for each 1% decline.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
The notes are expected to price on Aug. 30.
The Cusip number is 61768DDD4.
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