By Marisa Wong
Madison, Wis., Feb. 20 - Morgan Stanley priced $1.2 million of market-linked autocallable notes due Feb. 18, 2033 with five-year initial non-call 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 74% barrier level on a monthly determination date, the notes will pay a contingent coupon at an annualized rate of 7% for month.
The notes will be redeemed at par plus the contingent monthly coupon if the index closes at or above the redemption threshold level - 120% of the initial index level - on any quarterly redemption determination date beginning Feb. 21, 2018.
The payout at maturity will be par plus the final contingent monthly coupon.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Market-linked autocallable notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1.2 million
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Maturity: | Feb. 18, 2033
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Coupon: | Contingent monthly payment of 7% per year if index closes at or above barrier level on monthly determination date
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Price: | Par
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Payout at maturity: | Par plus final contingent monthly coupon
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Call: | Automatically at par plus contingent monthly coupon if index closes at or above redemption threshold level on any quarterly redemption determination date beginning Feb. 21, 2018
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Initial level: | 2,615.26
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Barrier level: | 1,935.2924, 74% of initial level
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Redemption threshold: | 3,138.312, 120% of initial level
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Pricing date: | Feb. 15
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Settlement date: | Feb. 21
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.5%
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Cusip: | 61761JCN7
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