Morgan Stanley plans contingent income buffered autocalls on Stoxx, Russell

By Sarah Lizee

Olympia, Wash., Nov. 20 – Morgan Stanley Finance LLC plans to price contingent income buffered autocallable securities due May 27, 2027 linked to the worst 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 are guaranteed by Morgan Stanley.

Each month, the notes will pay a contingent coupon at the rate of 6.2% per year if each underlier closes at or above its coupon threshold level, 80% of its initial level, on the observation date for that month.

After one year, the notes will be automatically called at par plus the coupon if each underlier closes at or above its initial level on any monthly determination date.

The payout at maturity will be par plus the coupon unless either underlier finishes below its 80% buffer level, in which case investors will lose 1% for every 1% that the lesser-performing underlier declines beyond 20%.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Nov. 22.

The Cusip number is 61769HT62.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.