Morgan Stanley plans 8% fixed, contingent income autocalls on indexes

By Susanna Moon

Chicago, Sept. 12 – Morgan Stanley Finance LLC plans to price contingent income autocallable securities due Sept. 29, 2033 linked to the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

Interest will be fixed at 8% for the first four years, payable quarterly. After that, the notes will pay a contingent quarterly coupon at an annual rate of 8% if each index closes at or above its 50% coupon barrier on the observation date for that quarter.

The notes will be called at par if each index closes at or above its initial level on any review date after 5.5 years.

The payout at maturity will be par unless any underlying index finishes below its 50% downside threshold, in which case investors will be fully exposed to any losses of the worst performing index.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Sept. 25.

The Cusip number is 61768DEC5.

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