Morgan Stanley plans 15-year contingent income autocallables on indexes

By Susanna Moon

Chicago, Nov. 4 – Morgan Stanley plans to price contingent income autocallable securities due Nov. 26, 2029 linked to the worst performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9% if each index closes at or above its initial level on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if each indexes closes at or above its initial level on any quarterly call date after one year.

The payout at maturity will be par plus the final coupon unless either index finishes below its 50% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Nov. 21 and settle on Nov. 26.

The Cusip number is 61761JUM9.

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