Morgan Stanley to price contingent income autocallables on JPMorgan

By Wendy Van Sickle

Columbus, Ohio, June 10 – Morgan Stanley Finance LLC plans to price contingent income autocallable securities with step-up redemption threshold due June 20, 2019 linked to JPMorgan Chase & Co. stock, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If JPMorgan stock closes above the downside threshold, 80% of the initial price, on a quarterly determination date, the notes will pay a contingent payment of 9.25% for that quarter.

If JPMorgan stock closes at or above the redemption threshold level, 105% in the first year, 110% in the second year and 115% in the third year, on a quarterly determination date, the notes will be redeemed at par plus the contingent payment.

If the JPMorgan stock finishes at or above the downside threshold level, the payout at maturity will be par plus the contingent quarterly payment.

Otherwise, investors will be fully exposed to any losses.

The agent is Morgan Stanley & Co. LLC.

The notes will price on June 17.

The Cusip number is 61766B572.

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