Morgan Stanley plans market-linked autocallables tied to Russell 2000

By Marisa Wong

Madison, Wis., Sept. 5 - Morgan Stanley plans to price market-linked autocallable notes due Sept. 28, 2032 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

If the index closes at or above the barrier level, 650, on a monthly determination date, investors will receive a contingent monthly coupon of 9% per year. Otherwise, no coupon will be paid that month.

Beginning in September 2017, the notes will be automatically redeemed at par plus the contingent monthly coupon if the index closes at or above the initial index level on any quarterly redemption determination date.

The payout at maturity will be par plus the final contingent monthly coupon, if any.

The notes (Cusip: 6174822F0) will price Sept. 25 and settle Sept. 28.

Morgan Stanley & Co. LLC is the agent.

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