Morgan Stanley to price contingent income autocallables on indexes

By Marisa Wong

Morgantown, W.Va., Jan. 11 – Morgan Stanley Finance LLC plans to price contingent income autocallable securities due Oct. 17, 2022 linked to the worst performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing 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 5.45% if each index closes at or above its 70% coupon threshold on the related quarterly observation date.

The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly review date after one year.

The payout at maturity will be par unless any index finishes below its 60% downside threshold, in which case investors will be fully exposed to any losses of the worst performing index.

Morgan Stanley & Co. LLC is the agent.

The notes are expected to price Jan. 12.

The Cusip number is 61768CYF8.

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