Morgan Stanley plans contingent income autocallables due 2025 on S&P GSCI Crude index

New York, Sept. 1 – Morgan Stanley plans to price contingent income autocallable securities due Sept. 30, 2025 linked to the S&P GSCI Crude Oil Index - Excess Return, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 10% if the index closes at or above the coupon barrier level, 75% of its initial level, on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if the index closes at or above its initial level on any determination date after the first year.

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

Morgan Stanley & Co. LLC is the agent.

The notes will price on Sept. 25.

The Cusip number is 61762GEU4.

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