Morgan Stanley to sell autocallable trigger PLUS tied to S&P, Russell

By Devika Patel

Knoxville, Tenn., Dec. 30 – Morgan Stanley plans to price 0% autocallable trigger Performance Leveraged Upside Securities due Jan. 29, 2021 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

If either index closes at or above the call threshold level, 110% of their respective initial levels, on July 26, 2018, the securities will be automatically redeemed and investors will receive the early redemption payment of $1,200 per $1,000 of notes.

If the notes are not called and the final level of both indexes is greater than their initial levels, the payout at maturity will be par of $1,000 plus 200% of the return of the worse performing index.

If each index finishes at or above the 60% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses of the worse performing index.

Morgan Stanley & Co. LLC is the agent.

The notes (Cusip: 61761JT66) will price on Jan. 26 and settle on Jan. 29.

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