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Morgan Stanley plans contingent income autocallables tied to Netflix
By Susanna Moon
Chicago, Nov. 11 – Morgan Stanley Finance LLC plans to price contingent income autocallable securities due Nov. 25, 2019 linked to Netflix, Inc. stock, 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 Netflix stock closes at or above the downside threshold level, 60% of its initial price, on a determination date for that quarter.
The notes will be redeemed at par plus the contingent payment if the stock closes at or above its initial level after six months.
The payout at maturity will be par unless the stock finishes below the 60% downside 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 Nov. 18 and settle on Nov. 23.
The Cusip number is 61768CBN6.
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