Morgan Stanley plans contingent yield trigger autocalls on indexes

By Susanna Moon

Chicago, March 5 – Morgan Stanley Finance LLC plans to price trigger autocallable contingent yield notes due March 20, 2029 linked to the worse performing of the Dow Jones industrial average and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annual rate of 6% to 7% if each underlying asset closes at or above its 70% coupon barrier on the observation date for that quarter.

The notes will be called at par if each asset closes at or above its initial level on any review date after one year.

The payout at maturity will be par unless either underlying asset finishes below its 50% downside threshold, in which case investors will lose 1% for each 1% decline of the worse performing index.

The notes are guaranteed by Morgan Stanley.

UBS Financial Services Inc. and Morgan Stanley & Co. LLC are the agents.

The notes will price on March 15.

The Cusip number is 61768X465.

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