Morgan Stanley plans contingent coupon notes on Russell, Euro Stoxx

By Toni Weeks

San Luis Obispo, Calif., Feb. 3 - Morgan Stanley plans to price contingent coupon notes due Feb. 28, 2034 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 fixed monthly coupon of 7.5% per year if the closing level of each index is at or above its respective coupon barrier level, 80% of its initial level, on the related observation date for that month. Otherwise, no coupon will be paid that month.

The payout at maturity will be par plus the coupon, if any.

The notes (Cusip: 61761JPC7) are expected to price Feb. 25 and settle Feb. 28.

Morgan Stanley & Co. LLC is the agent.

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