By Wendy Van Sickle
Columbus, Ohio, Feb. 22 – Morgan Stanley Finance LLC priced $2 million of contingent income autocallable securities due Feb. 22, 2023 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.
If the index closes at or above the downside threshold, 70% of the initial level, on a semiannual determination date, the notes will pay a contingent payment at an annualized rate of 9.2%
Beginning Aug. 16, 2018, they will be called at par of $1,000 plus the contingent coupon if the index closes at or above the initial level on any determination date.
If the final index level is greater than or equal to the 70% downside threshold level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will lose 1% for every 1% that index declines from its initial level.
Morgan Stanley & Co. LLC is the agent, with Morgan Stanley Wealth Management handling distribution.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Contingent income autocallable securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $2 million
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| Maturity: | Feb. 22, 2023
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| Coupon: | 9.2% annualized, payable semiannually if index closes at or above downside threshold level on determination date that period
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| Price: | Par
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| Payout at maturity: | If index finishes at or above downside threshold, par; otherwise, 1% loss for each 1% decline
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| Call: | Beginning Aug. 16, notes will be called automatically at par if index closes at or above initial level on any determination date
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| Initial level: | 3,426.80
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| Downside threshold: | 2,398.76, 70% of initial level
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| Pricing date: | Feb. 16
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| Settlement date: | Feb. 22
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| Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management as distributor
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| Fees: | None
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| Cusip: | 61768CD61
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