Morgan Stanley plans contingent income notes on Russell, Euro Stoxx

By Marisa Wong

Madison, Wis., Sept. 4 – Morgan Stanley plans to price contingent income securities due Sept. 28, 2029 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 coupon will be fixed at 6.25% for the first five years, payable monthly. After that, the notes will pay a contingent monthly coupon at an annual rate of 6.25% if each index closes at or above the 50% barrier level on the observation date for that month.

If each index finishes at or above the barrier level, the payout at maturity will be par plus the final contingent coupon.

Otherwise, investors will be fully exposed to any losses of the worst performing index.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Sept. 25 and settle on Sept. 30.

The Cusip number is 61761JSY6.

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