Morgan Stanley plans contingent income autocallables tied to Facebook

By Susanna Moon

Chicago, Aug. 28 – Morgan Stanley Finance LLC plans to price contingent income autocallable securities due Sept. 4, 2020 linked to Facebook, Inc. stock, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 8% if the stock closes at or above the 80% downside threshold on a determination date for that quarter.

The notes will be called at par plus the contingent coupon if the shares close at or above the initial share price on any of the first 11 determination dates.

The payout at maturity will be par plus the final contingent coupon unless the stock finishes below the 80% downside threshold, in which case investors will lose 1% for each 1% decline.

The notes will be guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Sept. 1 and settle on Sept. 7.

The Cusip number is 61766X756.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.