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Morgan Stanley plans contingent coupon notes on Euro Stoxx 50, Russell
By Toni Weeks
San Luis Obispo, Calif., Aug. 1 - Morgan Stanley plans to price contingent coupon notes due Aug. 30, 2033 linked to the worst performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annualized rate of 8% if each index closes at or above the 80% barrier level on the observation date for that month.
The payout at maturity will be par plus the coupon, if any.
Morgan Stanley & Co. LLC is the agent.
The notes (Cusip: 61761JKL2) will price Aug. 27 and settle Aug. 30.
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