Morgan Stanley to price 9% contingent income autocalls linked to HP

By Sarah Lizee

Olympia, Wash., Oct. 22 – Morgan Stanley Finance LLC plans to price contingent income autocallable securities due Oct. 29, 2021 linked to HP Inc. stock, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9% if the underlying stock closes at or above the 70% downside threshold on the determination date for that quarter.

The notes will be called at par plus the contingent coupon if the stock closes at or above its initial share price on any determination date after six months.

The payout at maturity will be par unless the stock finishes below its 70% downside threshold, in which case investors will lose 1% for each 1% decline.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is handling distribution.

The notes are expected to price on Oct. 26.

The Cusip number is 61768T571.

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