Morgan Stanley plans contingent income notes on Russell, Euro Stoxx

By Tali Rackner

Norfolk, Va., Nov. 11 – Morgan Stanley plans to price contingent income autocallable securities due Nov. 29, 2030 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 9% if each index closes at or above its initial level on the determination date for that quarter.

The notes are non-callable for the first year. After that, they 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.

If each index finishes at or above its initial level, the payout at maturity will be par plus the contingent coupon.

Investors will receive par if the final value of each index is less than the initial level but greater than or equal to the 50% downside threshold level. Otherwise, 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 Nov. 24 and settle on Nov. 30.

The Cusip number is 61761JP52.

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