Morgan Stanley plans contingent income autocallables linked to Amazon

By Susanna Moon

Chicago, Dec. 9 – Morgan Stanley plans to price contingent income autocallable securities due Dec. 24, 2018 linked to Amazon.com, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 10.5% if Amazon shares close at or above the coupon barrier level, 80% of the initial level, on a determination date for that month.

The notes will be called at par plus the contingent coupon if Amazon shares close at or above the initial share price on any quarterly call date.

The payout at maturity will be par plus the final contingent coupon unless the stock finishes below the 80% trigger level, in which case investors will be fully exposed to any losses.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Dec. 18 and settle on Dec. 23.

The Cusip number is 61761JR76.

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