Morgan Stanley plans non-callable contingent coupon notes on S&P 500

By Jennifer Chiou

New York, May 10 - Morgan Stanley plans to price non-callable contingent coupon notes due May 30, 2031 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly. The coupon will be fixed at 7.5% for the first year. After that, the notes will pay interest at a rate of 7.5% per year only if the index closes at or above 1,065 on the observation date for that month. If the index closes below the barrier level, no interest will be paid for that month.

The payout at maturity will be par.

The notes (Cusip: 617482UG7) will price on May 25 and settle on May 31.

Morgan Stanley & Co. Inc. is the agent.

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