Morgan Stanley plans contingent income autocallables tied to Workday

By Susanna Moon

Chicago, Sept. 12 – Morgan Stanley plans to price contingent income autocallable securities due September 2017 linked to Workday, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 11.5% if Workday stock closes at or above the 70% downside threshold level on a determination date for that month.

The notes will be redeemed at par of $10 plus the contingent payment 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 contingent payment unless the stock finishes below its downside threshold level, in which case investors will be fully exposed to any losses.

Morgan Stanley & Co. LLC is the agent.

The notes will price and settle in September.

The Cusip number is 61758S856.

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