Morgan Stanley plans worst of autocallables linked to four stocks

By Marisa Wong

Madison, Wis., Dec. 24 - Morgan Stanley plans to price worst of autocallable securities due June 2015 linked to the worst performing of the common stocks of EMC Corp., International Business Machines Corp., Amgen Inc. and Coca-Cola Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called if each stock closes at or above its initial level on any quarterly determination date beginning June 2014 other than the final date. The early redemption payment will be par plus a return of 10% to 14% per year. The exact return will be set at pricing.

If the final share price of each stock is greater than or equal to its initial price, the payout at maturity will be par plus a return of 10% to 14%. The exact return will be set at pricing.

If the final price of any stock is less than its initial price but greater than or equal to the 60% downside threshold level, the payout will be par.

Otherwise, the payout will be a number of shares of the worst performing stock equal to par of $1,000 divided by the initial share price.

Morgan Stanley & Co. LLC is the agent.

The notes will price and settle in December.

The Cusip number is 61761JNN5.

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