Morgan Stanley plans contingent coupon notes on Euro Stoxx, Russell

By Marisa Wong

Madison, Wis., April 17 – Morgan Stanley plans to price contingent coupon notes due April 30, 2035 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.

The notes will pay a contingent monthly coupon at an annual rate of 7% if each index closes at or above its barrier level, 80% of its initial level, on the observation date for that month.

The payout at maturity will be par plus the final coupon.

Morgan Stanley & Co. LLC is the agent.

The notes are expected to price on April 24 and settle on April 29.

The Cusip number is 61761JYH6.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.