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Morgan Stanley plans contingent coupon notes on Euro Stoxx, Russell
By Angela McDaniels
Tacoma, Wash., May 31 - Morgan Stanley plans to price contingent coupon notes due June 28, 2033 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each month, the notes will pay a coupon at the rate of 8% per year if each index closes at or above its barrier level on the observation date for that month. The barrier level for each index will be 80% of its initial index level.
The payout at maturity will be par plus the final coupon, if any.
Morgan Stanley & Co. LLC is the agent.
The notes are expected to price June 25 and settle June 28.
The Cusip number is 61761JHD4.
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