Morgan Stanley plans contingent income notes on Russell, Euro Stoxx

By Susanna Moon

Chicago, Nov. 1 - Morgan Stanley plans to price contingent income participation securities due Nov. 27, 2028 linked to the worst 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 will pay a contingent monthly coupon at an annual rate 6% if each index closes at or above its 65% coupon barrier level on the observation date for that month.

The payout at maturity will be par plus the final quarterly coupon unless either index finishes below its 50% trigger level, in which case investors will be fully exposed to any losses.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Nov. 22 and settle on Nov. 27.

The Cusip number is 61761JMT3.

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