By Wendy Van Sickle
Columbus, Ohio, Oct. 31 – Morgan Stanley Finance LLC priced $2.95 million of contingent income autocallable securities due Oct. 29, 2027 linked to the least performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will pay a contingent coupon at the rate of 8.62% per year if each index closes at or above its coupon barrier level, 75% of its original level, on the determination date for that quarter.
After six months, the notes will be automatically called at par plus the related contingent coupon if each index closes at or above its initial level on any quarterly redemption determination date.
The payout at maturity will be par unless the final level of either index is less than its 70% downside threshold level, in which case investors will lose 1% for each 1% that the least-performing index declines from its initial level.
Morgan Stanley & Co. LLC Morgan Stanley Smith Barney LLC are the agents.
| Issuer: | Morgan Stanley Finance LLC
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| Gurantor: | Morgan Stanley
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| Issue: | Contingent income autocallable securities
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| Underlying indexes: | Russell 2000 and Euro Stoxx 50
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| Amount: | $2,947,000
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| Maturity: | Oct. 29, 2027
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| Coupon: | 8.62% per year, payable quarterly if each index closes at or above coupon barrier on review date for that quarter
|
| Price: | Par
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| Payout at maturity: | Par unless any index finishes below downside threshold level, in which 1% loss for every 1% that least-performing index finishes below initial level
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| Call: | After six months, automatically at par plus contingent coupon if each index closes at or above initial level on any quarterly review date
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| Initial index levels: | 1,497.46 for Russell 2000 and 3,637.20 for Euro Stoxx 50
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| Coupon barriers: | 1,123.094 for Russell 2000 and 2,727.90 for Euro Stoxx 50; 75% of initial levels
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| Downside thresholds: | 1,048.221 for Russell 2000 and 1 2,546.04 for Euro Stoxx 50; 70% of initial levels
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| Pricing date: | Oct. 26
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| Settlement date: | Oct. 31
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| Agents: | Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC
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| Fees: | 2.85%
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| Cusip: | 61768CSK4
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