Morgan Stanley plans contingent income autocallables tied to Tesla

By Sarah Lizee

Olympia, Wash., Nov. 19 – Morgan Stanley Finance LLC plans to price contingent income autocallable securities due Nov. 29, 2021 linked to the common stock of Tesla, Inc., according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 19.8% if the stock closes at or above the 40% downside threshold on the determination date for that quarter.

The notes will be automatically called at par plus the contingent coupon if the stock closes at or above its initial level on any determination date.

The payout at maturity will be par unless the stock finishes below its 40% downside threshold, in which case investors will be exposed to any losses.

The notes are guaranteed by Morgan Stanley.

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

The notes will price on Nov. 23 and settle on Nov. 28.

The Cusip number is 61768T845.

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