Morgan Stanley plans contingent income buffered notes tied to indexes

By Susanna Moon

Chicago, Dec. 31 - Morgan Stanley plans to price contingent income buffered securities due Jan. 31, 2029 linked to the worst performing of the Russell 2000 index and the S&P 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly interest at an annual rate of 7% if each index closes at or above its 65% coupon barrier level on the observation rate for that month.

The payout at maturity will be par plus the final monthly coupon unless either index finishes below its 50% trigger level, in which case investors will be fully exposed to the losses of the worst performing index.

Morgan Stanley & Co. LLC is the agent.

The notes will price Jan. 28 and settle Jan. 31.

The Cusip number is 61761JNQ8.

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