New York, March 8 – Morgan Stanley Finance LLC priced $2.2 million of fixed coupon autocallable securities due Aug. 29, 2025 linked to the common stock of Advance Auto Parts, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 17%, paid quarterly.
The securities will be called automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly review date.
If the stock finishes at or above its 50% downside threshold, the payout at maturity will be par plus the coupon.
Otherwise, investors will lose 1% for every 1% that the stock declines from initial level.
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: | Fixed coupon autocallable securities
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| Underlying stock: | Advance Auto Parts, Inc.
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| Amount: | $2.2 million
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| Maturity: | Aug. 29, 2025
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| Coupon: | 17%, paid quarterly
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that stock declines from initial level
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| Call: | Automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly review date
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| Initial level: | $60.34
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| Downside threshold: | $30.17, 50% of initial level
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| Pricing date: | Feb. 26
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| Settlement date: | Feb. 29
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.85%
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| Cusip: | 61771WV39
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