By Toni Weeks
San Diego, March 29 - Morgan Stanley priced $10.26 million of 0% market-linked autocallable notes due March 30, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon of 7.5% per year if the index closes above the 975 barrier level on any monthly observation date.
If the index closes at or above its initial level on any quarterly call date after five years, the notes will be called at par plus the contingent coupon.
The payout at maturity will be par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Market-linked autocallable notes
|
| Underlying index: | S&P 500
|
| Amount: | $10,259,000
|
| Maturity: | March 30, 2027
|
| Coupon: | 7.5%, only if index closes at or above 975 barrier level on monthly observation date; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Initial level: | 1,412.52
|
| Barrier level: | 975
|
| Call: | At par plus contingent coupon if index closes at or above initial level on any quarterly redemption date beginning March 30, 2017
|
| Pricing date: | March 27
|
| Settlement date: | March 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 617482H56
|
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