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Morgan Stanley plans contingent income notes linked to Stoxx, Russell
By Angela McDaniels
Tacoma, Wash., Oct. 5 – Morgan Stanley Finance LLC plans to price contingent income securities due Oct. 31, 2019 linked to lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
Each quarter, the notes will pay a contingent coupon at the rate of 7.25% per year if each index closes at or above its barrier level, 75% of the initial index level, on the determination date for that quarter.
The payout at maturity will be par plus the final contingent coupon unless either index finishes below its barrier level, in which case investors will share in the decline of the lesser-performing index from its initial level.
Morgan Stanley & Co. LLC is the agent.
The notes will price Oct. 26.
The Cusip number is 61768CAM9.
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