Morgan Stanley plans contingent income notes linked to Russell, Stoxx

By Marisa Wong

Madison, Wis., June 5 – Morgan Stanley plans to price contingent income securities due June 28, 2030 linked to the worst performing of the Russell 2000 index and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a monthly contingent coupon at the rate of 8% per year if each index closes at or above its barrier level, 60% of its initial level, on the determination date for that month.

The payout at maturity will be par plus the final contingent coupon if each index finishes at or above its barrier level. Otherwise, investors will be fully exposed to the decline of the worst-performing index.

Morgan Stanley & Co. LLC is the agent.

The notes will price June 25 and settle June 30.

The Cusip number is 61761JA58.

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