Morgan Stanley eyes contingent income autocallables on three indexes

By Wendy Van Sickle

Columbus, Ohio, Feb. 10 – Morgan Stanley Finance LLC plans to price contingent income autocallable securities due Feb. 26, 2027 linked to the worst performing of the S&P 500 index, the Euro Stoxx 50 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The coupon will be fixed at 7% per year for the first five years, payable monthly. After that, the notes will pay a contingent monthly coupon at an annual rate of 7% if each index closes at or above its barrier level, 60% of its initial level, on the observation date for that month.

The payout at maturity will be par unless any index finishes below its barrier level, in which case investors will be fully exposed to any losses of the worst performing index.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Feb. 23.

The Cusip number is 61768CFC6.

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