Morgan Stanley plans autocallables with buffered downside on Energy Select

By Wendy Van Sickle

Columbus, Ohio, Jan. 23 – Morgan Stanley plans to price 0% autocallable securities with fixed percentage buffered downside due Aug. 3, 2018 linked to the Energy Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus a call premium of 7.25% to 7.75% a year if the fund closes at or above its initial level on any of two semiannual call dates beginning in February 2018.

The payout at maturity will be par unless the fund falls by more than 10% in which case investors will be exposed to losses beyond the 10% buffer.

Wells Fargo Securities, LLC is the agent.

The notes (Cusip: 61761J3U1) will price Jan. 31 and settle Feb. 3.

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