By William Gullotti
Buffalo, N.Y., June 10 – Morgan Stanley Finance LLC priced $2.23 million of contingent income autocallable securities due June 3, 2027 linked to S&P U.S. Equity Momentum 40% VT 4% Decrement index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.75%, paid quarterly, if the underlying index closes at or above its 60% coupon barrier on the related quarterly observation date.
The securities will be called automatically at par plus the coupon if the index closes at or above its initial level on any quarterly call determination date after one year.
If the notes are not called, the payout will be par plus the final coupon unless the underlying index finishes below its 50% downside threshold, in which case investors will be fully exposed to the decline of the index.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Contingent income autocallable securities
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| Underlying index: | S&P U.S. Equity Momentum 40% VT 4% Decrement index
|
| Amount: | $2,234,000
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| Maturity: | June 3, 2027
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| Coupon: | 11.75%, paid quarterly, if the underlying index closes at or above its 60% coupon barrier on the related quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon unless the index finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the underlying index
|
| Call: | Automatically at par plus coupon if index closes at or above initial level on any quarterly call determination date after one year
|
| Initial level: | 698.6
|
| Downside threshold: | 349.3; 50% of initial level
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| Coupon barrier: | 419.16; 60% of the initial level
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| Pricing date: | May 31
|
| Settlement date: | June 3
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.25%
|
| Cusip: | 61774DCG0
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