Morgan Stanley plans contingent income autocallables linked to Marathon

By Susanna Moon

Chicago, May 22 – Morgan Stanley plans to price contingent income autocallable securities due June 1, 2018 linked to Marathon Petroleum Corp. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9.6% if Marathon shares close at or above the barrier level, 80% of the initial share price, on the determination date for that quarter.

The notes will be called at par plus the contingent coupon if Marathon 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% barrier level, in which case investors will be fully exposed to any losses.

Morgan Stanley& Co. LLC is the agent.

The notes will price on May 29 and settle on June 3.

The Cusip number is 61765G226.

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