Morgan Stanley plans 15-year contingent income notes on Russell 2000

By Susanna Moon

Chicago, Aug. 9 - Morgan Stanley plans to price contingent income securities due Aug. 21, 2028 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 8.2% if the index closes at or above the coupon barrier level, 75% of the initial level, on the observation date for that month.

If the index finishes at or above the downside threshold level, 50% of the initial level, the payout at maturity will be par plus the final monthly coupon.

Otherwise, investors will be fully exposed to any losses.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Aug. 16 and settle on Aug. 21.

The Cusip number is 61761JKR9.

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