By Angela McDaniels
Tacoma, Wash., Jan. 30 - Morgan Stanley priced $4.28 million of market-linked autocallable step-up notes due Jan. 31, 2033 with five-year initial non-call period linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above the 80% barrier level on a monthly determination date, the notes will pay a contingent coupon for that month. The interest rate is 7% per year in years one through five, 9% per year in years six through 10, 10% per year in years 11 through 15 and 15% per year in years 16 through 20.
The notes will be redeemed at par plus the contingent monthly coupon if the index closes at or above the initial index level on any quarterly redemption determination date beginning in January 2018.
The payout at maturity will be par plus the final contingent monthly coupon, if any.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Market-linked autocallable step-up notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $4,279,000
|
| Maturity: | Jan. 31, 2033
|
| Contingent coupon: | Payable monthly if index closes at or above barrier level on determination date for that month; rate is 7% in years one through five, 9% in years six through 10, 10% in years 11 through 15 and 15% in years 16 through 20
|
| Price: | Par
|
| Payout at maturity: | Par plus final contingent monthly coupon, if any
|
| Call: | Automatically at par plus contingent monthly coupon if index closes at or above initial index level on any quarterly redemption determination date beginning in January 2018
|
| Initial index level: | 2,744.5
|
| Barrier level: | 2,195.6, 80% of initial level
|
| Pricing date: | Jan. 28
|
| Settlement date: | Jan. 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 61761JBC2
|
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