By Devika Patel
Knoxville, Tenn., Sept. 20 – Morgan Stanley priced $1.15 million of contingent income autocallable securities due Sept. 19, 2019 linked to the common stock of EOG Resources, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If EOG shares close at or above the downside threshold level, 80% of the initial share price, on a quarterly determination date, the notes will pay a contingent payment that quarter at an annualized rate of 14.9%.
The notes will be called at par of $10.00 plus the contingent coupon if EOG shares close at or above the initial share price on any of the first 11 determination dates.
The payout at maturity will be par unless the shares finish below the 80% downside threshold level, in which case investors 1% for every 1% that the final share price is less than the initial share price.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Contingent income autocallable securities
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| Underlying stock: | EOG Resources, Inc. (Symbol: EOG)
|
| Amount: | $1,153,300
|
| Maturity: | Sept. 19, 2019
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| Coupon: | 14.9% per year, payable quarterly if EOG shares close at or above downside threshold level on determination date for that quarter
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par unless shares finish below the 80% downside threshold level, in which case 1% loss for every 1% that final share price is less than initial share price
|
| Call: | At par plus contingent coupon if EOG shares close at or above initial share price on any of the first 11 determination dates
|
| Initial share price: | $90.97
|
| Downside threshold: | $72.776, 80% of initial share price
|
| Pricing date: | Sept. 16
|
| Settlement date: | Sept. 21
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.75%
|
| Cusip: | 61766F201
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