By Susanna Moon
Chicago, Nov. 3 – Morgan Stanley priced $1.52 million of contingent income autocallable securities due Oct. 30, 2030 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.
Interest will be fixed at 9%, payable quarterly, for one year. After that, the notes will pay a contingent quarterly coupon at an annual rate of 9% if each index closes at or above its initial level on the determination date for that quarter.
The notes will be called at par plus the contingent coupon 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 plus the contingent coupon unless either index finishes below the 50% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
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| Issue: | Contingent income autocallable securities
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| Underlying indexes: | Russell 2000 and Euro Stoxx 50
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| Amount: | $1.52 million
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| Maturity: | Oct. 30, 2030
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| Coupon: | 9% annualized for one year; after that 9% for each quarter that each index closes at or above initial level on the determination date for that quarter
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus the final contingent coupon unless either index finishes below trigger level, in which case full exposure to any losses of the worst performing index
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| Call: | At par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date beginning Oct. 30, 2016
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| Initial levels: | 1,145.291 for Russell, 3,381.01 for Euro Stoxx
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| Trigger levels: | 50% of initial levels
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| Pricing date: | Oct. 27
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| Settlement date: | Oct. 30
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.5%
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| Cusip: | 61761JM71
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