Morgan Stanley plans contingent income notes linked to three stocks

By Susanna Moon

Chicago, Jan. 9 – Morgan Stanley Finance LLC plans to price contingent income securities due Feb. 3, 2020 linked to the least performing of the common stocks of Amgen Inc. and Nike, Inc. and the class A common stock of Visa Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

The notes will be called at par if each stock closes at or above its initial level on any call date beginning May 3, 2017.

The notes will pay a contingent monthly coupon at an annual rate of 9.5% if each stock closes at or above its barrier level, 60% of its initial level, on the determination date for that month.

The payout at maturity will be par plus the final contingent coupon unless any stock finishes below its 60% barrier level, in which case investors will be fully exposed to any losses of the worst performing index.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Jan. 30 and settle on Feb. 2.

The Cusip number is 61768CDX2.

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