Morgan Stanley to price contingent coupon notes on Euro Stoxx, Russell

By Marisa Wong

Morgantown, W.Va., Sept. 14 – Morgan Stanley plans to price contingent coupon notes due Sept. 24, 2035 linked to the worst performing of the Russell 2000 index and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at the rate of 7% per year if each index closes at or above its barrier level, 72% of its initial level, on the observation date for that month.

The payout at maturity will be par plus the final coupon, if any.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Sept. 21 and settle on Sept. 24.

The Cusip number is 61761JK99.

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