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Morgan Stanley plans 11% contingent income autocallables on Autodesk
New York, June 8 – Morgan Stanley Finance LLC plans to price 11% contingent income autocallable securities due June 18, 2021 linked to the common stock of Autodesk, Inc., according to an FWP filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will pay a contingent quarterly coupon at an annual rate of 11% if the stock closes at or above its 75% downside threshold on the determination date for that quarter.
The notes will be automatically called at par plus the contingent coupon if the stock closes at or above its initial share price on any of the first 11 quarterly determination dates.
The payout at maturity will be par unless the stock finishes below its 75% downside threshold, in which case investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
The notes will price on June 15 and settle on June 20.
The Cusip number is 61768Q759.
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