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Morgan Stanley to price contingent coupon notes linked to two indexes
By Angela McDaniels
Tacoma, Wash., Oct. 1 – Morgan Stanley plans to price contingent coupon notes due Oct. 31, 2034 linked to the worst performing of 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 contingent coupon at an annual rate of 7% if each index closes at or above its barrier level, 75% of its initial level, on the observation date for that month.
The payout at maturity will be par plus the final coupon, if any.
Morgan Stanley & Co. LLC is the agent.
The notes will price Oct. 28 and settle Oct. 31.
The Cusip number is 61761JTW9.
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