Morgan Stanley eyes callable contingent income notes on four indexes

By Sarah Lizee

Olympia, Wash., Oct. 18 – Morgan Stanley Finance LLC plans to price callable contingent income securities due Oct. 29, 2026 linked to the least performing of the Russell 2000 index, the MSCI Emerging Markets index, the Nasdaq-100 index and the Euro Stoxx Select Dividend 30 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon of 12% per annum if each index closes at or above its 70% coupon barrier on the observation date for that month.

The notes are callable at par on any quarterly redemption date beginning on April 30, 2019.

The payout at maturity will be par unless any index finishes below its 60% trigger level, in which case investors will lose 1% for each 1% decline of the worst performing index.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Oct. 25 and settle on Oct. 30.

The Cusip number is 61768DJF3.

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