By Susanna Moon
Chicago, Oct. 31 - Morgan Stanley priced $11.16 million of market-linked autocallable step-up notes due Oct. 29, 2032 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above the 1,800 barrier level on a monthly determination date, the notes will pay a contingent monthly coupon at an annualized rate of 7% for the first five years, stepping up to 7.5% for years six through 10, to 9% for years 11 through 15 and 15% after that.
The notes will be redeemed at par plus the contingent monthly coupon if the index closes at or above the initial index level on any quarterly redemption determination date beginning in October 2017.
The payout at maturity will be par plus the final contingent monthly coupon.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Market-linked autocallable step-up notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $11,156,000
|
| Maturity: | Oct. 29, 2032
|
| Coupon: | If index closes above barrier level on monthly date, contingent monthly coupon at an annualized rate of 7% for the first five years, stepping up to 7.5% for years six through 10, to 9% for years 11 through 15 and 15% after that
|
| Price: | Par
|
| Call: | At par plus the contingent monthly coupon if index closes at or above the initial index level on any quarterly redemption determination date beginning in October 2017
|
| Payout at maturity: | Par plus final contingent monthly coupon
|
| Initial index level: | 2,496.10
|
| Barrier level: | 1,800
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 4%
|
| Cusip: | 6174822Y9
|
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