Morgan Stanley plans contingent income autocallables on S&P GSCI Crude

By Susanna Moon

Chicago, April 13 – Morgan Stanley plans to price contingent income autocallable securities due Oct. 20, 2015 linked to the S&P GSCI Crude Oil Index - Excess Return, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annualized rate of 20.1% if the index closes at or above the barrier level, 80% of the initial level, on the determination date for that month.

The notes will be called at par of $10 plus the contingent coupon if the index closes at or above the initial share price on any of the first five determination dates.

The payout at maturity will be par plus the final contingent coupon unless the index finishes below the barrier level, in which case investors will be fully exposed to any losses.

Morgan Stanley & Co. LLC is the agent.

The notes will price on April 17.

The Cusip number is 61762GDR2.

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