By William Gullotti
Buffalo, N.Y., June 30 – Morgan Stanley Finance LLC priced $2.75 million of market-linked contingent income notes due June 28, 2027 linked to the stock performance of Apple Inc., Goldman Sachs Group, Inc. and JPMorgan Chase & Co., according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will pay a contingent annual coupon of 5% if each stock closes at or above its initial level on the corresponding date. If any stock closes below its initial level on the observation date, investors will instead receive a 2% coupon.
The payout at maturity will be par plus the relevant coupon.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Issue: | Market-linked contingent income notes
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| Guarantor: | Morgan Stanley
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| Underlying stocks: | Apple Inc., Goldman Sachs Group, Inc., JPMorgan Chase & Co.
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| Amount: | $2.75 million
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| Maturity: | June 28, 2027
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| Coupon: | 5% payable annually if each stock closes at or above initial level on relevant review date; if any stock closes below its initial level on the review date, the coupon will be 2%
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| Price: | Par
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| Payout at maturity: | Par plus the relevant coupon
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| Initial levels: | $138.27 for Apple, $286.17 for Goldman Sachs, $113.92 for JPMorgan
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| Pricing date: | June 23
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| Settlement date: | June 28
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.25%
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| Cusip: | 61774DPG6
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