By Wendy Van Sickle
Columbus, Ohio, April 5 – Morgan Stanley Finance LLC priced $4.1 million of contingent minimum repayment lock-in securities due Oct. 3, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the final index level is greater than the initial index level, the payout at maturity will be the greater of (a) par of $10 plus the index return and (b) the final lock-in amount.
If the final index level is less than or equal to the initial index level, the payout will be the greater of (a) par plus the quotient of the final index level divided by the initial index level and (b) the final lock-in amount.
The final lock-in amount will be the greater of (a) $10 multiplied by the lock-in payment factor and (b) $10.
The lock-in payment factor is the quotient of the highest closing level of the index achieved on any annual observation date divided by the initial index level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Lock-in securities
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $4,097,260
|
| Maturity: | Oct. 3, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than the initial index level, greater of (a) par of $10 plus index return and (b) final lock-in amount; if final index level is less than or equal to initial index level, greater of (a) par plus quotient of final index level divided by initial index level and (b) final lock-in amount
|
| Final lock-in amount: | Greater of (a) $10 multiplied by the lock-in payment factor and (b) $10
|
| Lock-in payment factor: | Quotient of the highest closing level of the index achieved on any annual observation date divided by the initial index level
|
| Initial index level: | 3,351.71
|
| Pricing date: | March 29
|
| Settlement date: | April 3
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 61768X481
|
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