By Devika Patel
Knoxville, Tenn., May 17 – Morgan Stanley Finance LLC priced $15.37 million of 0% trigger autocallable notes due May 18, 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 a call return of 9% per year if the index closes at or above the initial level on any quarterly observation date beginning May 18, 2018.
If index return is zero or positive or the index falls by up to 34.5%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger autocallable notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $15,374,720
|
| Maturity: | May 18, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par if the index increases, finishes flat or falls by up to 34.5%; otherwise, 1% loss for each 1% decline from initial level
|
| Call: | Automatically at par plus 9% per year if index closes at or above initial level on any quarterly observation date beginning May 18, 2018
|
| Initial level: | 3,637.52
|
| Trigger level: | 2,382.58, 65.5% of initial level
|
| Pricing date: | May 12
|
| Settlement date: | May 17
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | 2.5%
|
| Cusip: | 61766W485
|
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