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Morgan Stanley plans trigger autocallables linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., May 8 - Morgan Stanley plans to price 0% trigger autocallable optimization securities due May 22, 2019 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
Beginning May 26, 2015, the notes will be automatically called at par of $10 plus a call return of at least 8% per year if the index closes at or above the initial index level on any quarterly observation date.
If the notes are not called and the index finishes at or above the trigger level, 67% to 73% of the initial level, the payout at maturity will be par. Otherwise, investors will be exposed to the index's decline from its initial level.
The exact call return and trigger level will be set at pricing.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
The notes are expected to price May 16 and settle May 21.
The Cusip number is 61761S174.
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