Morgan Stanley plans contingent income autocallables on three stocks

Chicago, Feb. 13 – Morgan Stanley Finance LLC plans to price 11.3% contingent income autocallable securities due Feb. 23, 2023 linked to the worst performing of the common stocks of salesforce.com Inc., Microsoft Corp., and RingCentral, Inc., 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, plus any previously unpaid contingent coupons, at an annual rate of 11.3% if each stock closes at or above its 50% downside threshold on the determination date for that quarter.

Starting Aug. 15, the notes will be automatically called at par plus the contingent coupon if each stock closes at or above its initial share price on any quarterly determination date.

The payout at maturity will be par plus the coupon and any previously unpaid coupons unless any stock finishes below its 50% downside threshold, in which case investors will be fully exposed to the losses of the worst performing stock.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Feb. 15 and settle on Feb. 22.

The Cusip number is 61768DR23.

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