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Morgan Stanley plans 20-year market-linked autocallables on Russell
By Susanna Moon
Chicago, July 23 - Morgan Stanley plans to price 0% market-linked autocallable notes due July 30, 2032 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will pay an annualized contingent quarterly coupon of 8.5% if the index closes above the 590 barrier level on any quarterly observation date.
If the index closes above its initial level on any quarterly call date beginning July 30, 2017, 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 on July 27 and settle on July 31.
The Cusip number is 617482V50.
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