Morgan Stanley to price contingent income autocallables on salesforce

By Wendy Van Sickle

Columbus, Ohio, Dec. 21 – Morgan Stanley plans to price contingent income autocallable securities due Dec. 28, 2018 linked to the common stock of salesforce.com, inc., according to an FWP filed with the Securities and Exchange Commission.

If salesforce stock closes at or above the downside threshold price, 75% of the initial price, on a quarterly determination date, the notes will pay a contingent payment at an annualized rate of 10.15% for that quarter.

If salesforce stock closes at or above its initial price on any of the quarterly determination dates, the notes will be redeemed at par plus the contingent payment.

If the stock finishes at or above the downside threshold level, the payout at maturity will be par plus the contingent quarterly payment.

Otherwise, investors will be fully exposed to any losses.

The agent is Morgan Stanley & Co. LLC.

The notes will price on Dec. 30 and settle on Jan. 5.

The Cusip number is 61765U522.

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