Morgan Stanley plans contingent income autocallables on Dow Chemical

By Susanna Moon

Chicago, Jan. 12 – Morgan Stanley plans to price contingent income autocallable securities due Jan. 25, 2018 linked to Dow Chemical Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 11.9% if the stock closes at or above its 80% barrier level on the observation date for that month.

The notes will be redeemed at par of $10 plus the contingent payment if the stock closes at or above the initial level on any quarterly determination date.

The payout at maturity will be par plus the final coupon unless the stock finishes below its 80% trigger level, in which case investors will be fully exposed to any losses.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Jan. 21 and settle on Jan. 26.

The Cusip number is 61764M661.

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