Morgan Stanley plans contingent income autocallables linked to Seagate

By Susanna Moon

Chicago, Feb. 21 - Morgan Stanley plans to price contingent income autocallable securities due March 2017 linked to Seagate Technology plc shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 13% if the stock closes at or above its 70% downside threshold level on the determination date for that quarter.

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

The payout at maturity will be par plus the final contingent coupon unless the stock finishes below the 70% downside threshold level, in which case investors will receive a number of Sea shares equal to par of $10.00 divided by the initial share price.

Morgan Stanley & Co. LLC is the agent.

The notes will price in February and settle in March.

The Cusip number is 61760S449.

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