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Morgan Stanley plans market-linked autocallables due 2027 on S&P 500
By Susanna Moon
Chicago, March 16 - Morgan Stanley plans to price 0% market-linked autocallable notes due April 2027 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon of 7.6% annualized if the index closes above the 995 barrier level on any observation date.
If the index closes above its initial level on any quarterly call date, the notes will be called at par plus the contingent coupon.
The payout at maturity will be par.
Morgan Stanley & Co. LLC is the agent.
The notes will price in March and settle in April.
The Cusip number is 61760T579.
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