Morgan Stanley plans trigger autocallable contingent yield notes on S&P, Stoxx

By Wendy Van Sickle

Columbus, Ohio, Feb. 8 – Morgan Stanley Finance LLC plans to price trigger autocallable contingent yield notes due Feb. 16, 2027 linked to the lesser performing of the S&P 500 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 an annual rate of 7% to 8% if each index closes at or above its 70% coupon barrier on the observation date for that quarter.

After one year, the notes will be automatically called at par of $10 if each index closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par unless either index finishes below its 50% downside threshold level, in which case investors will be fully exposed to the decline of the lesser-performing index.

UBS Financial Services Inc. and Morgan Stanley & Co. LLC are the underwriters.

The notes will price Feb. 10.

The Cusip number is 61766V362.

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