Morgan Stanley plans contingent income autocallables on salesforce.com

By Susanna Moon

Chicago, March 10 – Morgan Stanley plans to price contingent income autocallable securities due March 16, 2018 linked to salesforce.com, inc. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly payment at an annual rate of 11% if the shares close at or above the 75% barrier level on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if the stock closes at or above the initial level on any of the first 11 determination dates.

The payout at maturity will be par plus the final coupon unless the shares finish below the 75% trigger level, in which case investors will receive a number of salesforce.com shares equal to $10 divided by the initial price or, at the issuer’s option, the cash equivalent.

Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management handling distribution.

The notes will price on March 13 and settle on March 18.

The Cusip number is 61764V455.

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