By Susanna Moon
Chicago, June 28 - Morgan Stanley priced $1.84 million of contingent income notes due June 28, 2033 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.
The notes will pay a contingent monthly coupon at an annualized rate of 8.5% if each index closes at or above its 72.5% coupon barrier level on the determination date for that month.
The payout at maturity will be par plus the final contingent coupon.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Contingent income notes
|
| Underlying indexes: | Russell 2000 and Euro Stoxx 50
|
| Amount: | $1.84 million
|
| Maturity: | June 28, 2033
|
| Coupon: | 8.5% annualized for each month that both indexes close at or above coupon barriers on monthly determination date
|
| Price: | Par
|
| Payout at maturity: | Par plus any contingent coupon
|
| Initial index levels: | 961.26 for Russell and 2,543.37 for Euro Stoxx 50
|
| Coupon barrier levels: | 696.914 for Russell and 1,843.943 for Euro Stoxx 50; 72.5% of initial levels
|
| Pricing date: | June 25
|
| Settlement date: | June 28
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 61761JHD4
|
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