Morgan Stanley plans contingent income autocallable securities on Russell

By Wendy Van Sickle

Columbus, Ohio, Sept. 15 – Morgan Stanley Finance LLC plans to price contingent income autocallable securities due Sept. 21, 2021 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

If the index closes at or above the coupon barrier, 85% of its initial level, on a quarterly determination date, the notes will pay a contingent payment at an annual rate of 10.25% for that quarter.

If the index closes at or above its initial price on any of the quarterly determination dates after six months, the notes will be redeemed at par plus the contingent payment.

If the index finishes at or above the downside threshold level, 70% to 75% of its initial level, the payout at maturity will be par plus the contingent coupon, if applicable. Otherwise, investors will be fully exposed to the index decline.

The agent is Morgan Stanley & Co. LLC.

The notes will price on Sept. 16 and settle on Sept. 21.

The Cusip number is 61768CAF4.

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