Morgan Stanley plans autocallable trigger PLUS on iShares MSCI EM

By Marisa Wong

Morgantown, W.Va., Oct. 19 – Morgan Stanley plans to price 0% autocallable trigger Performance Leveraged Upside Securities due Oct. 26, 2018 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the index closes at or above the call threshold level, 122% of the initial index level, on April 24, 2017, the securities will be automatically redeemed and investors will receive the early redemption payment, which is expected to be $12.20 per $10 principal amount of notes.

If the notes are not called and the final index level is greater than the initial index level, the payout at maturity will be par plus 1.55 times the index return.

If the index finishes at or below the initial level but at or above the trigger level, 85% of the initial level, the payout will be par. If the index finishes below the trigger level, investors will be fully exposed to the decline.

Morgan Stanley & Co. LLC is the agent.

The notes will price Oct. 23 and settle Oct. 28.

The Cusip number is 61765R818.

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