Morgan Stanley plans market-tied autocallables on Russell, Euro Stoxx

By Susanna Moon

Chicago, Jan. 16 - Morgan Stanley plans to price market-linked autocallable notes due Jan. 28, 2033 with five-year initial non-call linked to the worst performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above the 80% barrier level on a monthly determination date, the notes will pay a contingent coupon at an annualized rate of 8.5% for month.

The notes will be redeemed at par plus the contingent monthly coupon if each index closes at or above its initial level on any quarterly redemption determination date beginning in January 2018.

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

Morgan Stanley & Co. LLC is the agent.

The notes will price on Jan. 25 and settle on Jan. 30.

The Cusip number is 61761JBK4.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.