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Morgan Stanley plans trigger autocallables tied to Russell 2000
By Marisa Wong
Madison, Wis., Jan. 16 – Morgan Stanley plans to price 0% trigger autocallable optimization securities due Jan. 29, 2020 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus a call return of 8% annualized if the index closes at or above the initial share price on any quarterly observation date beginning Feb. 1, 2016.
The payout at maturity will be par unless the index finishes below the 60% to 65% trigger level, in which case investors will be fully exposed to any losses.
UBS Financial Services Inc. and Morgan Stanley & Co. LLC are the agents.
The notes will price on Jan. 23 and settle on Jan. 28.
The Cusip number is 61764M745.
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