Morgan Stanley plans to price contingent income autocallable securities on indexes

By Emma Trincal

New York, Oct. 30 – Morgan Stanley Finance LLC plans to price contingent income autocallable securities due May 5, 2022 tied to the worst performing of the S&P 500 index, the Russell 2000 index, the Dow Jones industrial average and the Nasdaq-100 index, according to an FWP filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at the rate of 11.5% per year if each index closes at or above its coupon threshold level, 70% of its initial level, on the related determination date.

The notes will be automatically called at par plus the coupon if each index closes at or above its initial level on any monthly redemption determination date after three months.

The payout at maturity will be par plus the coupon unless any index finishes below its 70% downside threshold, in which case investors will be fully exposed to the performance of the least performing index.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The notes priced on Oct. 30 and will settle on Nov. 4.

The Cusip number is 61771EFT0.

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