Morgan Stanley plans contingent income autocallables linked to Apple

By Susanna Moon

Chicago, June 17 – Morgan Stanley plans to price contingent income autocallable securities due June 29, 2018 linked to Apple 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 9% if the stock closes at or above its coupon barrier level, 80% of its initial level, on the observation date for that month.

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

The notes will be called at par if the stock closes at or above its initial level on any call date.

Morgan Stanley & Co. LLC is the agent.

The notes will price on June 25 and settle on June 30.

The Cusip number is 61761JZV4.

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