Morgan Stanley plans trigger autocallables linked to oil services ETF

By Angela McDaniels

Tacoma, Wash., June 19 – Morgan Stanley Finance LLC plans to price 0% trigger autocallable notes due June 24, 2022 linked to the VanEck Vectors Oil Services exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

Beginning in June 2018, the notes will be automatically called at par of $10 plus a call return if the ETF closes at or above its initial share price on any quarterly call observation date. The call return rate is expected to be 9.5% to 10% per year and will be set at pricing.

If the notes are not called and the final share price is greater than or equal to the downside threshold, 75% of the initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final share price is below the initial share price.

Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is acting as dealer.

The notes will price June 21.

The Cusip number is 61766X137.

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