Morgan Stanley plans contingent income notes linked to Russell 2000

By Susanna Moon

Chicago, Feb. 14 - Morgan Stanley plans to price contingent income securities due Feb. 28, 2028 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.

The notes will pay a contingent monthly payment at an annual rate of 8.5% if the index closes at or above the 70% barrier level on the determination date for that month.

If the index finishes at or above the 50% trigger level, the payout at maturity will be par plus the contingent payment.

Otherwise, investors will be fully exposed to any losses.

Morgan Stanley & Co. LLC is the agent.

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

The Cusip number is 61761JCT4.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.