New York, Oct. 16 – Morgan Stanley Finance LLC priced $2.27 million of contingent income autocallable securities due Oct. 19, 2026 linked to the common stocks of JPMorgan Chase & Co. and Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.85%, paid quarterly, if each underlying stock closes at or above its 50% downside threshold on the related quarterly observation date, plus any previously unpaid coupons. Previously unpaid coupons will also be paid.
The securities will be called automatically at par if each stock closes at or above its redemption threshold level on any quarterly call determination date. The redemption threshold levels are 100% of the initial share prices on the first four redemption determination dates and 90% of the initial share prices on the fifth through 11th redemption determination dates.
At maturity the payout will be par unless the worst performing stock closes below its 50% downside threshold level 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: | JPMorgan Chase & Co. and Amazon.com, Inc.
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| Amount: | $2,269,000
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| Maturity: | Oct. 19, 2026
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| Coupon: | 9.85%, paid quarterly, if each underlying stock closes at or above its 50% downside threshold on the related quarterly observation date, plus any previously unpaid coupons
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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 stock
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| Call: | Automatically at par if each stock closes at or above redemption threshold level on any quarterly call determination date; redemption threshold levels are 100% of initial share prices on first four redemption determination dates and 90% of initial share prices on fifth through 11th redemption determination dates
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| Initial levels: | $129.48 for Amazon.com, $145.65 for JPMorgan Chase
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| Downside thresholds: | $64.74 for Amazon.com, $72.825 for JPMorgan Chase, 50% of initial level
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| Pricing date: | Oct. 10
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| Settlement date: | Oct. 17
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2%
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| Cusip: | 61775H7L5
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