Morgan Stanley plans 10.1% contingent income autocalls tied to Hess

New York, Aug. 3 – Morgan Stanley Finance LLC plans to price 10.1% contingent income autocallable securities due Aug. 13, 2021 linked to Hess Corp. stock, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 10.1% if the underlying stock closes at or above the 65% downside threshold on the determination date for that quarter.

The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any of the first 11 quarterly determination dates.

The payout at maturity will be par unless the stock finishes below its 65% downside threshold, in which case investors will lose 1% for each 1% decline.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The notes are expected to price on Aug. 10 and settle on Aug. 15.

The Cusip number is 61768R534.

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