Morgan Stanley amends coupon barrier on contingent income autocallables

By Susanna Moon

Chicago, Oct. 16 – Morgan Stanley amended the contingent income autocallable securities due Oct. 31, 2029 linked to the worst performing of the Russell 2000 index and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8% if each index closes at or above the 80% coupon barrier level on a determination date for that quarter. The coupon barrier was originally set at 90% of the initial level.

As previously announced, the notes will be redeemed at par of $10 plus the contingent payment if each index closes at or above the initial level on any quarterly determination date after five years.

The payout at maturity will be par plus the contingent payment unless either index finishes below its 50% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Oct. 28 and settle on Oct. 31.

The Cusip number is 61761JTV1.

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