Morgan Stanley plans jump autocallables linked Euro Stoxx 50, S&P 500

By Angela McDaniels

Tacoma, Wash., Nov. 13 – Morgan Stanley Finance LLC plans to price 0% jump securities with autocallable feature due Nov. 21, 2022 linked to the lesser performing of the Euro Stoxx 50 index and the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

Beginning May 16, 2018, the notes will be automatically called at par plus a call premium if each index closes at or above its initial level on any quarterly determination date. The call premium is expected to be 8.5% to 9.5% per year and will be set at pricing.

If each index finishes at or above its initial level, the payout at maturity will be a fixed payment of between $1,425 and $1,475 per $1,000 principal amount. The exact payment will be set at pricing.

The payout will be par if either index finishes below its initial level but each index finishes at or above its downside threshold level, 60% of its initial level.

If either index finishes below its downside threshold level, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.

Morgan Stanley & Co. LLC is the agent.

The notes will price Nov. 16.

The Cusip number is 61768CUE5.

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