By Susanna Moon
Chicago, Jan. 25 – Morgan Stanley Finance LLC priced $3.92 million of autocallable notes due Jan. 25, 2022 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 called at par of $10 plus an annualized call premium of 10.5% if the index closes at or above the initial level on any determination date after one year.
If the index finishes above its initial level, the payout at maturity will be $15.25 for each $10.00 principal amount.
If the index falls by up to its 70% downside threshold, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Autocallable notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $3.92 million
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| Maturity: | Jan. 25, 2022
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| Coupon: | 0%
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| Price: | Par of $10
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| Call: | At par plus 10.5% per year if index closes at or above initial level on any determination date after one year
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| Payout at maturity: | If index gains, par plus 52.5%; if index by up to 25%, par; otherwise, full exposure to any losses
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| Initial level: | 3,299.44
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| Downside threshold: | 2,474.58, 75% of initial level
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| Pricing date: | Jan. 20
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| Settlement date: | Jan. 25
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| Underwriter: | Morgan Stanley & Co. LLC
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| Fees: | 2.5%
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| Cusip: | 61766V172
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