New York, Jan. 19 – Morgan Stanley Finance LLC priced $806,000 of contingent income autocallable securities due Sept. 30 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10%, paid monthly, if the underlying fund closes at or above its downside threshold on the related monthly observation date.
The securities will be called automatically starting March 3, 2022 at par if the price of the underlying fund is greater than or equal to its initial price on any monthly call determination date.
At maturity the payout will be par unless the fund finishes below its downside threshold, in which case investors will be fully exposed to the decline.
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: | Contingent income autocallable securities
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| Underlying ETF: | Energy Select Sector SPDR Fund
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| Amount: | $806,000
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| Maturity: | Sept. 30, 2022
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| Coupon: | 10%, paid monthly, if the underlying fund closes at or above its downside threshold on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the fund finishes below its downside threshold level, in which case investors will be fully exposed to the decline
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| Call: | Automatically starting March 3, 2022 at par if the price of the underlying fund is greater than or equal to its initial price on any monthly call determination date
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| Initial level: | $49.31
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| Downside threshold: | $37.476, 76% of initial level
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| Pricing date: | Aug. 27, 2021
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| Settlement date: | Sept. 1, 2021
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0%
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| Cusip: | 61773FSR5
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