Morgan Stanley to price fixed-income autocallables on S&P

By Sarah Lizee

Olympia, Wash., Aug. 31 – Morgan Stanley Finance LLC plans to price 5.75% fixed-income autocallable securities due Sept. 7, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The notes will be automatically called at par plus the most recent coupon if the index closes at or above its initial level on any quarterly determination date after six months.

If the notes are not called and the index finishes at or above its initial level or has never closed below its 60% downside threshold level, the payout at maturity will be par.

Otherwise, investors will lose 1% for each 1% decline.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Sept. 1.

The Cusip number is 61771BY32.

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