Given this custom auto-configuration snippet, what bean will be created if no other bean of type MyService exists?

Given this custom auto-configuration snippet, what bean will be created if no other bean of type MyService exists?

@Configuration
@ConditionalOnMissingBean(MyService.class)
public class MyAutoConfig {
  @Bean
  public MyService myService() {
    return new MyService("default");
  }
}