Morgan Stanley plans contingent income autocallables on Wynn Resorts

By Emma Trincal

New York, Jan. 29 – Morgan Stanley Finance LLC plans to price contingent income autocallable securities due Feb. 1, 2022 linked to the common stock of Wynn Resorts, Ltd., 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 at an annual rate of 13.15% if the shares close at or above the 50% coupon barrier level on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if the stock closes at or above the initial price starting after six months on any quarterly determination date other than the final one.

The payout at maturity will be par unless the shares finish below the 50% downside threshold level, in which case investors will lose 1% for each 1% decline from the initial price.

Morgan Stanley & Co. LLC is the agent.

The notes will settle on Jan. 30.

The Cusip number is 61770FFA9.

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