Morgan Stanley plans contingent income autocallables on Tesla

By Wendy Van Sickle

Columbus, Ohio, March 16 – Morgan Stanley Finance LLC plans to price contingent income autocallable securities due March 20, 2020 linked to Tesla Motors, Inc. stock, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

The notes will pay a contingent monthly coupon at an annual rate of 11.5% if the shares close at or above the 60% downside threshold on the observation date for that month.

Beginning on June 20, the notes will be called at par plus the contingent coupon if Tesla shares close at or above the initial level on any quarterly call determination dates.

The payout at maturity will be par plus the final coupon unless the shares finish below the downside threshold, in which case investors will lose 1% for each 1% decline.

Morgan Stanley & Co. LLC is the underwriter.

The notes will price March 17.

The Cusip number is 61768CFW2.

© 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.