Morgan Stanley plans contingent income autocalls on indexes

By Sarah Lizee

Olympia, Wash., Feb. 10 – Morgan Stanley Finance LLC plans to price contingent income autocallable securities due Feb. 14, 2030 tied to the least performing of the Russell 2000 index, the Dow Jones industrial average and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at the rate of 6% per year if each index closes at or above its coupon threshold level, 70% of its initial level, on the determination date for that month.

Beginning after one year, the notes will be automatically called at par if each index closes at or above its initial level on any monthly redemption determination date.

The payout at maturity will be par unless any index closes below its downside threshold level, 67% of its initial level, in which case investors will be exposed to the performance of the least performing index.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Feb. 11.

The Cusip number is 61770FKD7.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.