Morgan Stanley plans 9.25% contingent income autocalls on oil ETF

New York, June 15 – Morgan Stanley Finance LLC plans to price 9.25% contingent income autocallable securities due Dec. 28, 2020 linked to the VanEck Vectors Oil Services exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The notes will pay a contingent quarterly coupon at an annual rate of 9.25% if the fund closes at or above its 80% downside threshold on the determination date for that quarter.

The notes will be automatically called at par plus the contingent coupon if the fund closes at or above its initial share price on any of the first nine quarterly determination dates.

The payout at maturity will be par unless the fund finishes below its 80% downside threshold, in which case investors will be fully exposed to any losses.

Morgan Stanley & Co. LLC is the agent.

The notes will price on June 22 and settle on June 27.

The Cusip number is 61768Q791.

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