Morgan Stanley plans contingent income autocallables linked to Tesla

By Susanna Moon

Chicago, April 19 – Morgan Stanley Finance LLC plans to price contingent income autocallable securities due April 24, 2020 linked to Tesla, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 12.9% if the shares close at or above the 60% downside threshold on the observation date for that month.

The notes will be called at par plus the contingent coupon if the shares close at or above the initial level on any of the first 11 determination dates.

The payout at maturity will be par plus the final coupon unless the shares finish below the 60% downside threshold, in which case investors will lose 1% for each 1% decline.

Morgan Stanley & Co. LLC is the underwriter, with Morgan Stanley Wealth Management as dealer.

The notes are guaranteed by Morgan Stanley.

The notes will price on April 21 and settle on April 26.

The Cusip number is 61766W261.

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