Morgan Stanley plans contingent income autocallables linked to Netflix

By Susanna Moon

Chicago, April 5 – Morgan Stanley Finance LLC plans to price contingent income autocallable securities due April 29, 2019 linked to Netflix, Inc. shares, according to an FWP filed 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% if Netflix shares close at or above their downside threshold, 60% of their initial level, on the determination date for that quarter.

The notes will be called at par of $10 plus the contingent coupon if Netflix a shares close above their initial price on any quarterly determination date after six months.

The payout at maturity will be par plus the final contingent coupon, unless Netflix shares finish below the 60% downside threshold, in which case investors will be fully exposed to any losses.

Morgan Stanley & Co. LLC is the agent, and Morgan Stanley Wealth Management is a distributor.

The notes will price on April 26 and settle on April 29.

The Cusip number is 61766BAJ0.

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