By Marisa Wong
Morgantown, W.Va., Dec. 9 – Morgan Stanley priced $808,000 of contingent income autocallable securities due Nov. 29, 2030 linked to the worst performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 9% if each index closes at or above its initial level on the determination date for that quarter.
The notes are non-callable for the first year. After that, they will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date after one year.
If each index finishes at or above its initial level, the payout at maturity will be par plus the contingent coupon.
Investors will receive par if the final value of each index is less than the initial level but greater than or equal to the 50% downside threshold level. Otherwise, investors will be fully exposed to any losses of the worst performing index.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Contingent income autocallable securities
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| Underlying indexes: | Russell 2000 and Euro Stoxx 50
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| Amount: | $808,000
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| Maturity: | Nov. 29, 2030
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| Coupon: | Contingent quarterly coupon at 9% per year if each index closes at or above its initial level on the determination date for that quarter
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| Price: | Par of $1,000
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| Payout at maturity: | Par if the final value of each index is less than the initial level but greater than or equal to the 50% downside threshold level; otherwise, investors will be fully exposed to any losses of the worst performing index
|
| Call: | Non-callable for the first year; after that, at par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date after one year
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| Initial levels: | 1,188.814 for Russell and 3,409.60 for Euro Stoxx
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| Downside thresholds: | 594.407 for Russell and 1,704.80 for Euro Stoxx; 50% of initial levels
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| Pricing date: | Nov. 24
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| Settlement date: | Nov. 30
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.5%
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| Cusip: | 61761JP52
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