Morgan Stanley plans contingent yield trigger autocallables on indexes

By Susanna Moon

Chicago, March 6 – Morgan Stanley Finance LLC plans to price trigger callable contingent yield notes due March 15, 2027 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The notes will pay a contingent quarterly coupon at an annual rate of 6% if each index closes at or above its coupon barrier, 50% to 54% of its initial level, on the observation date for that quarter.

The notes will be called at par if the index closes at or above its initial level on any quarterly observation date after one year.

The payout at maturity will be par unless either index finishes below its 50% to 54% downside threshold level, in which case investors will be fully exposed to any losses of the worse performing index.

Morgan Stanley and UBS Financial Services Inc. are the agents.

The notes will price on March 10 and settle on March 15.

The Cusip number is 61766V651.

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