Morgan Stanley plans contingent income autocallables on United Continental

By Wendy Van Sickle

Columbus, Ohio, March 16 – Morgan Stanley Finance LLC plans to price contingent income autocallable securities due March 20, 2020 linked to United Continental Holdings, Inc. stock, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

The notes will pay a contingent monthly coupon at an annual rate of 9.75% if the shares close at or above the 65% downside threshold on the observation date for that month.

Beginning on June 20, the notes will be called at par plus the contingent coupon if United Continental shares close at or above the initial level on any quarterly call determination date.

The payout at maturity will be par plus the final coupon unless the shares finish below the downside threshold, in which case investors will lose 1% for each 1% decline.

Morgan Stanley & Co. LLC is the underwriter.

The notes will price March 17.

The Cusip number is 61768CFX0.

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