Morgan Stanley plans fixed income autocallable securities on indexes

By Emma Trincal

New York, Sept. 4 – Morgan Stanley Finance LLC plans to price 12% fixed income autocallable securities due June 23, 2021 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

Interest is payable monthly.

After three months, the notes will be called at par if the worst performing index closes at or above its initial price on any coupon payment date other than the final one.

If the notes are not called, the payout at maturity will be par if the worst performing index declines by up to 30%.

If the worst performing index finishes below its 70% downside threshold level, investors will be fully exposed to the decline.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Sept. 18.

The Cusip number is 61771B3F9.

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