Morgan Stanley plans three-year jump autocallables linked to Micron

By Susanna Moon

Chicago, Aug. 30 – Morgan Stanley Finance LLC plans to price 0% autocallable jump securities due Sept. 3, 2020 linked to Micron Technology, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 11.15% if the stock closes above its 90% redemption threshold on any of the first 11 quarterly determination dates.

If the stock finishes at or above its initial level, the payout at maturity will be par of $10 plus 33.45%.

If the stock falls by up to the 90% downside threshold, the payout will be par.

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

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent, with Morgan Stanley Wealth Management handling distribution.

The notes will price on Aug. 31.

The Cusip number is 61766X764.

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