Morgan Stanley plans contingent income notes tied to S&P 500, Russell

By Susanna Moon

Chicago, March 15 - Morgan Stanley plans to price contingent income autocallable securities due March 28, 2028 linked to the worst performing of the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The coupon will be 8% for the first three years, payable monthly. After that, the notes will pay a contingent coupon at the rate of 8% if each index closes at or above its 70% coupon barrier level for that month.

The payout at maturity will be par plus the final contingent coupon each unless with index finishes below its 50% downside threshold level, in which case investors will be fully exposed to the losses of the worst performing index.

Morgan Stanley & Co. LLC is the agent.

The notes will price on March 26 and settle on March 28.

The Cusip number is 61761JEG0.

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