Morgan Stanley plans trigger phoenix autocallable notes linked to 3M

By Susanna Moon

Chicago, April 11 - Morgan Stanley plans to price trigger phoenix autocallable optimization securities due April 20, 2017 linked to 3M Co. shares, according to an FWP filing with the Securities and Exchange Commission.

If 3M stock closes at or above the 70% trigger level on a monthly observation date, the issuer will pay a contingent coupon at an annualized rate of 6.1% to 8.6% for that month. The exact rate will be set at pricing.

If the shares close at or above the initial price on a monthly observation date beginning April 15, 2013, the notes will be called at par of $10 plus the contingent coupon.

If the notes are not called and 3M shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon.

Otherwise, investors will be fully exposed to any losses.

Morgan Stanley & Co. LLC is the agent, and UBS Financial Services Inc. is the dealer.

The notes will price on April 13 and settle on April 20.

The Cusip is 61760T777.

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