Morgan Stanley plans 8.05% autocallables linked to Freeport-McMoRan

By Susanna Moon

Chicago, Jan. 13 - Morgan Stanley plans to price 8.05% fixed-coupon autocallable securities due January 2015 linked to Freeport-McMoRan Copper & Gold Inc. shares, according to an FWP with the Securities and Exchange Commission.

Interest is payable quarterly.

If Freeport-McMoRan shares close at or above the initial price on any of the first three quarterly determination dates, the notes will be redeemed at par of $10 plus the contingent coupon.

If the notes are not called, the payout at maturity will be par plus the contingent payment unless the stock closes below the downside threshold level, 70% of the initial share price, in which case the payout will be a number of Freeport-McMoRan shares equal to $10 divided by the initial share price or, at the issuer's option, the cash equivalent.

Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management will handle distribution.

The notes will price and settle in January.

The Cusip number is 61760S159.

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