Morgan Stanley plans trigger autocallable contingent yield notes on Russell, Stoxx

New York, May 2 – Morgan Stanley Finance LLC plans to price trigger autocallable contingent yield notes due May 16, 2028 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

Each quarter, the notes will pay a contingent coupon at an annual rate of 6.4% to 7.4% if each index closes at or above its 70% coupon barrier on the observation date for that quarter. The exact coupon will be set at pricing.

Starting May 13, 2019, the notes will be automatically called at par of $10 if each index closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par unless either index finishes below its 50% downside threshold level, in which case investors will be fully exposed to the decline of the lesser-performing index.

UBS Financial Services Inc. and Morgan Stanley & Co. LLC are the underwriters.

The notes will price on May 11 and settle on May 16.

The Cusip number is 61768Q247.

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