Morgan Stanley plans contingent coupon step-up notes linked to indexes

By Angela McDaniels

Tacoma, Wash., June 5 – Morgan Stanley Finance LLC plans to price callable contingent coupon step-up notes due June 30, 2037 linked to the lesser 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 be guaranteed by Morgan Stanley.

Each month, the notes will pay a contingent coupon if each index closes at or above its barrier level, 80% of its initial level, on the observation date for that month. The contingent coupon rate will be 7% per year for the first 10 years and 8% per year for the last 10 years.

Beginning July 2, 2018, the notes will be callable at par on any monthly redemption date.

The payout at maturity will be par.

Morgan Stanley & Co. LLC is the agent.

The notes are expected to price June 27.

The Cusip number is 617618CKW6.

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