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Morgan Stanley plans contingent coupon notes linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., Jan. 12 - Morgan Stanley plans to price non-callable contingent coupon notes due Jan. 30, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly. The coupon will be fixed at 8% for the first year. After that time, the notes will pay interest at the rate of 8% per year only if the index closes at or above 625 on the observation date for that month. If the index closes below the barrier level, no interest will be paid for that month.
The payout at maturity will be par.
The notes (Cusip: 617482QQ0) will price Jan. 26 and settle Jan. 31.
Morgan Stanley & Co. Inc. is the agent.
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