By Wendy Van Sickle
Columbus, Ohio, Sept. 12 – Morgan Stanley Finance LLC priced $1 million of contingent income autocallable securities due Sept. 5, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent semiannual coupon at an annual rate of 10.34% if the underlying index closes at or above the 80% coupon barrier on the determination date for that period.
The notes will be called at par plus the contingent coupon if the index closes at or above its initial level on any determination date after six months.
The payout at maturity will be par unless the index finishes below its 75% downside threshold, in which case investors will lose 1% for each 1% decline.
The notes are guaranteed by Morgan Stanley.
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 contingent income securities
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $1 million
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| Maturity: | Sept. 5, 2023
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| Coupon: | 10.34% annualized, payable quarterly if index closes at or above coupon barrier on related observation date
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| Price: | Par
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| Payout at maturity: | If index finishes above downside threshold, par; otherwise, 1% loss for each 1% index decline
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| Call: | After six months, automatically at par if index closes at or above initial level on any quarterly call date
|
| Initial level: | 3,430.99
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| Coupon barrier: | 2,744.792, 80% of initial level
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| Downside threshold: | 2,573.243; 75% of initial level
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| Pricing date: | Aug. 30
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| Settlement date: | Sept. 5
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0%
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| Cusip: | 61768DDD4
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