Morgan Stanley eyes contingent income autocallables on three stocks

By Wendy Van Sickle

Columbus, Ohio, Jan. 17 – Morgan Stanley Finance LLC plans to price contingent income autocallable securities due Jan. 30, 2025 linked to the least performing of the stocks of Grubhub Inc., Roku, Inc. and TripAdvisor, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

Each month, the notes will pay a contingent coupon at an annual rate of at least 21% if each stock closes at or above its downside threshold, 60% of its initial level, on the determination date for that month.

After three months, the notes will be called at par plus the contingent coupon if each stock closes above 90% of its initial level on any monthly review date.

The payout at maturity will be par plus the final contingent coupon, if any, unless any stock finishes below its 50% downside threshold, in which case investors will be fully exposed to any losses of the worst performing stock.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Jan. 27.

The Cusip number is 61770FDZ6.

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