Morgan Stanley plans contingent income autocalls on JPMorgan Chase

By Sarah Lizee

Olympia, Wash., July 16 – Morgan Stanley Finance LLC plans to price contingent income autocallable securities due July 20, 2023 tied to JPMorgan Chase & Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 10.15% if the stock closes at or above the 60% coupon barrier on the determination date for that quarter.

The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any quarterly determination date other than the final one.

The payout at maturity will be par unless the stock finishes below its downside threshold, 60% of initial level, in which case investors will be fully exposure to any losses.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is agent.

The notes will price on July 17.

The Cusip number is 61771BVP6.

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