By Wendy Van Sickle
Columbus, Ohio, July 27 – Morgan Stanley Finance LLC priced $1 million of contingent income autocallable securities due June 2, 2025 linked to Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The securities will pay a contingent coupon of 10.4% annually, paid quarterly if the underlying index closes at or above the 85% coupon barrier on any quarterly observation date.
If underlying index closes at or above its initial level on any of the quarterly determination dates, the securities will be redeemed at par plus the contingent payment.
If the underlying index finishes at or above the 70% downside threshold level, the payout at maturity will be par plus the contingent payment.
Otherwise, investors will be fully exposed to any losses.
The agent is Morgan Stanley Finance Co. LLC.
| 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 index: | Nasdaq-100 index
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| Amount: | $1 million
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| Maturity: | June 2, 2025
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| Coupon: | 10.4% annually, paid quarterly if underlying index closes at or above coupon barrier level on determination date for that quarter
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| Price: | Par
|
| Payout at maturity: | Par plus contingent coupon if underlying index finishes at or above downside threshold; otherwise, full exposure to any losses
|
| Call: | At par plus contingent payment if underlying index closes at or above initial level on any quarterly determination date
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| Initial level: | 13,686.51
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| Coupon barrier: | 11,633.534, 85% of initial level
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| Downside threshold level: | 9,580.557, 70% of initial level
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| Pricing date: | May 28
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| Settlement date: | June 3
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| Agent: | Morgan Stanley Finance Co. LLC
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| Fees: | 0%
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| Cusip: | 61771V2Q2
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