Morgan Stanley to price contingent income autocalls on JPMorgan

By Sarah Lizee

Olympia, Wash., May 15 – Morgan Stanley Finance LLC plans to price contingent income autocallable securities due May 25, 2023 linked to the common stock of JPMorgan Chase & Co., according to a 424B2 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 10.3% if the stock closes at or above its 50% downside threshold on the determination date for that quarter.

The notes will be called at par plus the contingent coupon if the stock closes at or above its initial share price on any of the first 11 determination dates.

The payout at maturity will be par unless the stock finishes below its 50% downside threshold, in which case investors will be fully exposed to any losses.

Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.

The notes will pierce on May 22.

The Cusip number is 61769P792.

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