By Sarah Lizee
Olympia, Wash., Dec. 7 – Morgan Stanley Finance LLC priced $4.93 million of 0% jump securities with autocallable feature due Dec. 3, 2021 linked to Microsoft Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will be called at par plus an annual call premium of 11.85% if the stock closes at or above initial level on any review date after six months.
If the stock finishes at or above its initial level, the payout at maturity will be $13.555 per $10.00 note.
If the stock falls by up to the 80% downside threshold, the payout will be par.
Otherwise, investors will be exposed to any losses.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is handling distribution.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Jump securities with autocallable feature
|
| Underlying stock: | Microsoft Corp.
|
| Amount: | $4,931,500
|
| Maturity: | Dec. 3, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus 11.85% annualized premium if stock closes at or above initial level on any review date after six months
|
| Payout at maturity: | If stock finishes at or above its initial level, $13.555 per $10.00 note; if stock falls by up to 20%, par; otherwise, full exposure to losses
|
| Initial share price: | $110.89
|
| Threshold: | $88.712, 80% of initial share price
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 5
|
| Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 3%
|
| Cusip: | 61768T860
|
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