By Wendy Van Sickle
Columbus, Ohio, April 20 – Morgan Stanley Finance LLC priced $800,000 of contingent income autocallable securities due April 20, 2022 linked to the common stock of Exxon Mobil Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will pay a contingent monthly coupon at an annual rate of 13.08% if the stock closes at or above its 65% downside threshold on the determination date for that month.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial share price on any determination date after one year.
The payout at maturity will be par unless the stock finishes below its 65% downside threshold, in which case investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent with distribution through Morgan Stanley Wealth Management.
| 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 stock: | Exxon Mobil Corp.
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| Amount: | $800,000
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| Maturity: | April 20, 2022
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| Coupon: | 13.08% annualized, payable monthly if stock closes at or above downside threshold on determination date for that month
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| Price: | Par
|
| Payout at maturity: | If stock finishes at or above downside threshold, par; otherwise, full exposure to losses
|
| Call: | At par if stock closes at or above initial share price on any determination date after one year
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| Initial share price: | $42.43
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| Downside threshold: | $27.58, 65% of initial level
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| Pricing date: | April 17
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| Settlement date: | April 21
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| Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management as a distributor
|
| Fees: | 3%
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| Cusip: | 61770FP75
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