Morgan Stanley plans 10%-12.5% trigger phoenix notes on Goldcorp

By Marisa Wong

Madison, Wis., May 8 - Morgan Stanley plans to price trigger phoenix autocallable optimization securities due Nov. 17, 2014 linked to Goldcorp Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 10% to 12.5% if the price of Goldcorp stock closes at or above the 70% trigger price on the observation date for that quarter.

If the stock closes at or above the initial price on any quarterly observation date, the notes will be called at par of $10 plus the contingent coupon.

If the notes are not called and the Goldcorp share price finishes at or above the trigger price, the payout at maturity will be par plus the contingent coupon.

Otherwise, investors will be exposed to any losses.

Morgan Stanley and UBS Financial Services Inc. are the agents.

The notes will price on May 10 and settle on May 15.

The Cusip number is 61762E372.

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