Morgan Stanley plans contingent income autocallables on Boeing, FedEx

By Sarah Lizee

Olympia, Wash., March 22 – Morgan Stanley Finance LLC plans to price contingent income autocallable securities due March 31, 2022 linked to the worst performing of the common stocks of Boeing Co. and FedEx Corp., 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 12.04% if each stock closes at or above its 65% coupon threshold on the determination date for that quarter.

Starting Oct. 1, the notes will be automatically called at par plus the contingent coupon if each stock closes at or above its initial share price on any quarterly determination date.

The payout at maturity will be par unless any stock finishes below its 65% downside threshold, in which case investors will be fully exposed to the losses of the worst performing stock.

Morgan Stanley & Co. LLC is the agent.

The notes will price on March 26.

The Cusip number is 61768D3T0.

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