Morgan Stanley plans contingent income autocallables on Las Vegas Sands

By Susanna Moon

Chicago, Nov. 14 – Morgan Stanley Finance LLC plans to price contingent income autocallable securities due Nov. 21, 2019 linked to Las Vegas Sands Corp. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The notes will pay a contingent quarterly coupon at an annual rate of 12.4% if the stock closes at or above the 70% downside threshold level on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if the shares close at or above the initial price on any of the first 11 determination dates.

The payout at maturity will be par of $10 plus the final coupon unless the shares finish below the 70% downside threshold level, in which case investors will be fully exposed to any losses.

Morgan Stanley & Co. LLC is the underwriter.

The notes will price on Nov. 18.

The Cusip number is 61766F540.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.