Morgan Stanley plans contingent income autocallables linked to crude

By Susanna Moon

Chicago, July 30 – Morgan Stanley plans to price contingent income autocallable securities due Aug. 21, 2017 linked to the S&P GSCI Crude Oil Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 10% if the index closes at or above the coupon barrier level, 80% of the initial index level, on the determination date for that quarter.

The notes will be called at par plus the contingent coupon if the index closes at or above its initial level on any determination date other than the final determination date.

The payout at maturity will be par plus the final contingent coupon unless the index finishes below the 75% trigger level, in which case investors will be fully exposed to any losses.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Aug. 14.

The Cusip number is 61762GEH3.

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