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Morgan Stanley plans contingent yield trigger autocalls on two indexes
By Susanna Moon
Chicago, Sept. 25 – Morgan Stanley Finance LLC plans to price trigger autocallable contingent yield notes due Sept. 29, 2028 linked to the worst performing of the Nasdaq-100 index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at an annual rate of 6.5% to 7.5% if each index closes at or above its 70% coupon barrier on the observation date for that quarter.
The notes will be called at par if each index closes at or above its initial level on any review date after one year.
The payout at maturity will be par unless either underlying index finishes below its 50% downside threshold, in which case investors will lose 1% for each 1% decline of the worse performing index.
The notes are guaranteed by Morgan Stanley.
UBS Financial Services Inc. and Morgan Stanley & Co. LLC are the agents.
The notes will price on Sept. 26.
The Cusip number is 61768T274.
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