Morgan Stanley plans 8% worst-of RevCons tied to three financial stocks

By Susanna Moon

Chicago, Feb. 6 – Morgan Stanley plans to price 8% worst-of autocallable RevCons due Aug. 22, 2016 linked to the worst performing of the common stocks of TD Ameritrade Holding Corp., Charles Schwab Corp. and E*Trade Financial Corp., according to an FWP filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par plus the coupon if each stock closes at or above its initial share price on any quarterly determination date other than the final date.

If each stock finishes at or above the 70% barrier, the payout at maturity will be par plus the coupon.

Otherwise, the payout will be a number of shares of the worst performing stock equal to $1,000 divided by the initial share price of that stock.

The exact deal terms will be set at pricing.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Feb. 17 and settle on Feb. 20.

The Cusip number is 61761JWV7.

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