Morgan Stanley plans trigger phoenix autocallables tied to two indexes

By Marisa Wong

Madison, Wis., Feb. 21 - Morgan Stanley plans to price 0% trigger phoenix autocallable optimization securities due Feb. 28, 2018 linked to the least performing of the S&P 500 index and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

If both indexes close at or above the 63% to 68% trigger level on any quarterly observation date, the notes will pay a contingent coupon of 8% per year for that quarter.

If both indexes close at or above their initial levels on any quarterly observation date after one year, the notes will be called at par of $10 plus the contingent coupon.

If the notes are not called, the payout at maturity will be par plus the contingent coupon unless either index finishes below the trigger level, in which case investors will be fully exposed to the decline of the least-performing index.

UBS Financial Services Inc. and Morgan Stanley & Co. LLC are the agents.

The notes will price on Feb. 26 and settle on Feb. 28.

The Cusip number is 61761M615.

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