Morgan Stanley plans callable contingent income notes on Russell, Stoxx

By Wendy Van Sickle

Columbus, Ohio, Dec. 17 – Morgan Stanley Finance LLC plans to price callable contingent income securities due Dec. 30, 2021 linked to the least performing of the Russell 2000 index and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent semi-annual coupon of at least 10% per annum if each index closes at or above its 70% coupon barrier on the observation date for that period.

The notes are callable at par on any quarterly redemption date beginning on July 1, 2019.

The payout at maturity will be par unless either index finishes below its 70% trigger level, in which case investors will lose 1% for each 1% decline of the worst performing index.

The notes will price on Dec. 21 and settle on Dec. 31.

The Cusip number is 61768DTG0.

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