Morgan Stanley plans autocallable notes tied to ETF-Map 2 index

By Wendy Van Sickle

Columbus, Ohio, Jan. 6 – Morgan Stanley Finance LLC plans to price 0% autocallable notes due Jan. 31, 2024 linked to the Morgan Stanley ETF-Map 2 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

If the index closes at or above the applicable redemption threshold on any of the first six annual determination dates, the notes will be automatically called at par plus an early redemption premium of 7% per year. The redemption threshold is 104% of the initial index level for the first determination date and steps up by 4% each year to a redemption threshold of 124% for the sixth determination date.

If the notes have not been called, the payout at maturity will be par of $10 plus 200% of the index return, subject to a minimum payout of par.

Morgan Stanley & Co. LLC is the agent.

The notes will price Jan. 26.

The Cusip number is 61768CDR5.

© 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.