Morgan Stanley plans contingent income autocallables tied to S&P 500

By Susanna Moon

Chicago, Jan. 8 - Morgan Stanley plans to price contingent income autocallable securities due January 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly payment at an annualized rate of 6.5% to 8.5% if the index closes at or above the 75% barrier level for that quarter.

If the index closes at or above the initial level on any annual review date after two years, the notes will be called at par plus the contingent coupon.

If the index finishes at or above the barrier level, the payout at maturity will be par plus the contingent payment.

Otherwise, investors will be fully exposed to losses.

Morgan Stanley & Co. LLC is the agent.

The notes will price in January and settle three days later in February.

The Cusip number is 61761JBH1.

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