New York, April 28 – Morgan Stanley Finance LLC priced $1.67 million of contingent income autocallable securities due May 11, 2023 linked to Advanced Micro Devices, Inc., Marvell Technology, Inc. and Micron Technology, Inc. common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a quarterly coupon at an annualized rate of 25.16% if each underlying stock closes at or above its 60% downside threshold on related observation date, plus any perviously unpaid coupon.
The securities will be called automatically starting Aug. 11 at par if the price of each underlying stock is greater than or equal to its initial price on any quarterly call determination date.
At maturity the payout will be par unless the worst performing stock closes below its 60% downside threshold in which case investors will be fully exposed to the decline of the worst performing stock.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Contingent income autocallable securities
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| Underlying stocks: | Advanced Micro Devices, Inc., Marvell Technology, Inc. and Micron Technology, Inc.
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| Amount: | $1.67 million
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| Maturity: | May 11, 2023
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| Coupon: | 25.16%, payable quarterly if each underlying stock closes at or above its downside threshold on related observation date, plus any previously unpaid coupon
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing stock closes below its downside threshold level in which case investors will be fully exposed to the decline in the worst performing underlying stock
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| Call: | Automatically starting Aug. 11 at par if the price of each underlying stock is greater than or equal to its initial price on any quarterly call determination date
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| Initial levels: | $90.69 for Advanced Micro Devices, $60.69 for Marvell, $70.12 for Micron
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| Downside thresholds: | $54.414 for Advanced Micro Devices, $36.414 for Marvell, $42.072 for Micron, 60% of initial levels
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| Pricing date: | April 25
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| Settlement date: | April 28
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1%
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| Cusip: | 61773Q2D0
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