Morgan Stanley plans contingent income autocallables linked to S&P GSCI Crude Oil index

By Toni Weeks

San Luis Obispo, Calif., Jan. 29 – Morgan Stanley plans to price contingent income autocallable securities due Feb. 27, 2025 linked to the S&P GSCI Crude Oil Index - Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

The securities will pay a contingent quarterly coupon of 8% per year if the index closes at or above the 75% barrier level on the determination date for that quarter. Otherwise, no coupon will be paid for that quarter. After the three-year non-call period, if the index closes at or above the initial level on any quarterly determination date, the notes will be called at par plus the contingent coupon.

If the notes are not called and the index finishes at or above the 75% barrier level, the payout at maturity will be par plus the contingent payment. If the index finishes below the barrier level but above the 50% downside threshold level, the payout at maturity will be par.

Otherwise, investors will share in any losses.

The notes (Cusip: 61762GDB7) will price on Feb. 24.

Morgan Stanley & Co. LLC is the agent.

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