Morgan Stanley plans contingent income autocallable notes on indexes

By Susanna Moon

Chicago, March 4 – Morgan Stanley plans to price contingent income autocallable securities due March 31, 2025 linked to the worst performing of the Russell 2000 index and the S&P GSCI Crude Oil Index - Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 10% if each index closes at or above its 75% coupon barrier level on the determination date for that month.

The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date after one year.

The payout at maturity will be par unless either index finishes below its 50% trigger level, in which case 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 March 26 and settle on March 31.

The Cusip number is 61761JXG9.

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