Morgan Stanley plans callable contingent income notes on three indexes

By Sarah Lizee

Olympia, Wash., March 28 – Morgan Stanley Finance LLC plans to price callable contingent income securities due Oct. 4, 2021 linked to the least performing of the S&P 500 index, the Nikkei 225 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 of 9.05% per annum if each index closes at or above its 70% coupon barrier on each day during the relating quarterly observation period.

The notes are callable at par on any quarterly redemption date beginning on Oct. 3.

The payout at maturity will be par unless any index finishes below its 70% trigger level, in which case investors will lose 1% for each 1% decline of the worst performing index.

Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.

The notes will price on March 29.

The Cusip number is 61768D4A0.

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