Morgan Stanley plans five-year trigger autocallables tied to Qualcomm

By Susanna Moon

Chicago, Nov. 20 – Morgan Stanley plans to price 0% trigger autocallable optimization securities due Nov. 29, 2019 linked to Qualcomm Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus a call return of 8% per year if the stock closes at or above the initial share price on any quarterly observation date after one year.

The payout at maturity will be par unless the shares finish below the 66% to 73% trigger level, in which case investors will be fully exposed to any losses. The exact trigger level will be set at pricing.

UBS Financial Services Inc. and Morgan Stanley & Co. LLC are the underwriters.

The notes will price on Nov. 25 and settle on Nov. 28.

The Cusip number is 61764C861.

© 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.