Morgan Stanley plans autocallables due 2018 tied to Energy Select SPDR

By Susanna Moon

Chicago, Oct. 7 – Morgan Stanley Finance LLC plans to price 0% autocallable securities with fixed percentage buffered downside due Nov. 5, 2018 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be redeemed at par plus an annual call premium of 8% to 9% if the fund closes at or above its initial level on either annual call date.

The payout will be par unless the fund finishes below the 90% threshold level, in which case investors will be fully exposed to any losses.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Oct. 31 and settle on Nov. 3.

The Cusip number is 61761JY94.

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