Morgan Stanley plans contingent income autocalls on Stoxx Banks

By Sarah Lizee

Olympia, Wash., April 26 – Morgan Stanley Finance LLC plans to price autocallable contingent income securities due May 5, 2020 linked to the Euro Stoxx Banks index, according to a 424B2 with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

The notes will pay a contingent quarterly coupon at an annualized rate of 8.35% if the index closes at or above its 75% coupon barrier on the related quarterly observation date.

The notes will be called at par plus the contingent coupon if the index closes at or above its initial level on any quarterly call review date.

The payout at maturity will be par plus the final coupon unless the index finishes below its 75% downside threshold, in which case investors will be fully exposed to any losses of the index.

Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is handling distribution.

The notes will price on April 29.

The Cusip number is 61768Y257.

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