Morgan Stanley plans phoenix autocallable notes linked to LinkedIn

By Susanna Moon

Chicago, July 29 – Morgan Stanley plans to price phoenix autocallable notes due Aug. 17, 2016 linked to LinkedIn Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 15.1% if LinkedIn shares close at or above the coupon barrier level, 80% of the initial share price, on the observation date for that quarter.

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

The payout at maturity will be par plus the contingent coupon unless the stock finishes below the 80% trigger level, in which case investors will be fully exposed to any losses.

Morgan Stanley & Co. LLC is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as the placement agents.

The notes will price on July 31 and will settle on Aug. 5.

The Cusip number is 61761JE39.

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