By William Gullotti
Buffalo, N.Y., Dec. 16 – Morgan Stanley Finance LLC priced $4.78 million of 0% autocallable buffered notes due Dec. 17, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will be automatically called at par plus an annualized call premium of 8.45% if the index closes at or above its initial level on any annual call observation date.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus 25.35%.
If the index falls by up to 10%, the payout will be par.
Investors will lose 1.1111% for each 1% index decline beyond 10%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor | Morgan Stanley
|
| Issue: | Autocallable buffered index-linked notes
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $4.78 million
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| Maturity: | Dec. 17, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above its initial level, par plus 25.35%; if index falls by up to 10%, par; otherwise, 1.1111% loss for each 1% index decline beyond 10%
|
| Call: | Par plus an 8.45% annualized call premium if index closes at or above its initial level on any annual call observation date
|
| Initial level: | 4,183.04
|
| Buffer level: | 3,764.736; 90% of initial level
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| Pricing date: | Dec. 13
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| Settlement date: | Dec. 20
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 61773HNG0
|
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