Morgan Stanley plans contingent income autocalls on Russell, Stoxx

By Sarah Lizee

Olympia, Wash., June 7 – Morgan Stanley Finance LLC plans to price contingent income autocallable securities due June 28, 2029 linked to the least performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

Each quarter, the notes will pay a contingent coupon at the rate of 7.25% to 8.25% per year if each index closes at or above its coupon barrier level, 75% of its initial level, on the determination date for that quarter.

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

The payout at maturity will be par unless any index finishes below its downside threshold level, 60% of its initial level, in which case investors will receive par plus the return of the lesser performing index with full exposure to the decline.

Morgan Stanley & Co. LLC is the agent.

The notes will price on June 26.

The Cusip number is 61769HGW9.

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