Morgan Stanley plans contingent income autocallables linked to Ford

By Susanna Moon

Chicago, Feb. 14 - Morgan Stanley plans to price contingent income autocallable securities due Feb. 28, 2018 linked to Ford Motor Co. shares, according to an FWP with the Securities and Exchange Commission.

The notes will pay a contingent monthly payment at an annual rate of 9% if Ford stock closes at or above the 75% barrier level on the determination date for that month.

If the shares close at or above the initial level on any quarterly determination date after two years, the notes will be called at par plus the contingent coupon.

If Ford stock finishes at or above the 75% trigger level, the payout at maturity will be par plus the contingent payment.

Otherwise, investors will be fully exposed to any losses.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Feb. 26 and settle on Feb. 28.

The Cusip number is 61761JCW7.

© 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.