Morgan Stanley plans phoenix autocallable notes linked to Occidental

By Susanna Moon

Chicago, May 15 - Morgan Stanley plans to price phoenix autocallable securities due June 4, 2014 linked to Occidental Petroleum Corp. 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 12.6% if Occidental stock closes at or above the 80% coupon barrier for that quarter.

If the shares close at or above the initial price on any quarterly observation date, the notes will be called at par plus the contingent coupon.

The payout at maturity will be par plus the contingent coupon unless Occidental shares finish below the 80% trigger level, in which case investors will be fully exposed to any losses.

The exact terms will be set at pricing.

Morgan Stanley & Co. LLC is the underwriter. UBS Financial Services Inc. is the dealer.

The notes will price on May 17 and settle on May 22.

The Cusip number is 61761JGL7.

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