Morgan Stanley to price contingent income autocallables linked to Snap

By Marisa Wong

Morgantown, W.Va., Oct. 20 – Morgan Stanley Finance LLC plans to price contingent income autocallable securities due April 30, 2018 linked to the common stock of Snap Inc., according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

If the shares close at or above the downside threshold, 65% of the initial share price, on a monthly determination date, the notes will pay a contingent payment that month at an annualized rate of 15.85%.

The notes will be called at par plus the contingent coupon if the shares close at or above the initial share price on any of the first five monthly determination dates.

If the final share price is greater than or equal to the downside threshold, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Oct. 23.

The Cusip number is 61768J730.

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