Morgan Stanley plans contingent income autocalls tied to index, fund

By Susanna Moon

Chicago, Oct. 10 – Morgan Stanley Finance LLC plans to price contingent income autocallable securities due Oct. 15, 2020 linked to the worse performing of the iShares MSCI Emerging Markets ETF and the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7.5% to 8.5% 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 six months.

The payout at maturity will be par unless any underlying index finishes below its 70% downside threshold, in which case investors will be fully exposed to any losses of the worst performing index.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Oct. 11.

The Cusip number is 61768DHH1.

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