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Morgan Stanley plans contingent income autocallables on Dollar General
By Tali Rackner
Norfolk, Va., Oct. 28 – Morgan Stanley Finance LLC plans to price contingent income autocallable securities due Nov. 7, 2019 linked to the common stock of Dollar General Corp., according to an FWP 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 8.45% if Dollar General stock closes at or above the downside threshold level, 80% of its initial price, on a determination date for that quarter.
The notes will be redeemed at par plus the contingent payment if the stock closes at or above its initial level on any of the first 11 determination dates.
The payout at maturity will be par unless the stock finishes below the 80% downside threshold level, in which case investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Nov. 4 and settle on Nov. 9.
The Cusip number is 61766F458.
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