Morgan Stanley to price trigger autocallable notes on Stoxx, Russell

By Marisa Wong

Morgantown, W.Va., Sept. 20 – Morgan Stanley Finance LLC plans to price trigger autocallable contingent yield notes due Sept. 24, 2027 linked to the Euro Stoxx 50 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If each index closes at or above its coupon barrier level, 67.6% to 70% of its initial level, on a quarterly observation date, the notes will pay a contingent coupon for that quarter at an annualized rate of 9%.

The notes will be called at par if each index closes at or above its initial level on any quarterly observation date beginning Sept. 21, 2018.

The payout at maturity will be par plus the final coupon unless either index finishes below the downside threshold, 67.6% to 70% of the initial level, in which case investors will lose 1% for each 1% decline of the worst performing index from its initial level.

Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as placement agent.

The notes will price on Sept. 21.

The Cusip number is 61768J326.

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