Morgan Stanley plans trigger phoenix autocallables on Juniper Networks

By Jennifer Chiou

New York, Aug. 21 – Morgan Stanley plans to price trigger phoenix autocallable optimization securities due Aug. 21, 2019 linked to the common stock of Juniper Networks, Inc., according to an FWP with the Securities and Exchange Commission.

If Juniper Networks stock closes at or above the coupon barrier – 74% to 79% of the initial share price – on a monthly observation date, the issuer will pay a contingent coupon for that month at an annualized rate of 8%. The exact barrier level will be set at pricing. Otherwise, no coupon will be paid that month.

If the shares close at or above the initial price on a monthly observation date after one year, the notes will be called at par plus the contingent coupon.

If the notes are not called and Juniper Networks shares finish at or above the barrier, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be exposed to the share price decline from the initial price.

The notes (Cusip: 61758S484) are expected to price on Aug. 22 and settle on Aug. 29.

Morgan Stanley & Co. LLC is the agent. UBS Services Inc. is the dealer.

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