New York, Sept. 3 – Morgan Stanley priced $5,299,000 of contingent income auto-callable securities due Sept. 5, 2017 linked to lululemon athletica inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
If lululemon athletica stock closes at or above the downside threshold level of $29.948, 75% of the initial share price, on a quarterly determination date, the notes will pay a contingent payment of 12.75% for that quarter.
If lululemon athletica stock closes at or above $37.934, 95% of its initial price, on any of the quarterly determination dates, the notes will be redeemed at par plus the contingent payment.
If the lululemon athletica stock finishes at or above the downside threshold level, the payout at maturity will be par plus the contingent quarterly payment.
Otherwise, investors will be fully exposed to any losses.
The agent is Morgan Stanley & Co. LLC.
| Issuer: | Morgan Stanley
|
| Issue: | Contingent income auto-callable securities
|
| Underlying index: | lululemon athletica inc.
|
| Amount: | $5,299,000
|
| Maturity: | Sept. 5, 2017
|
| Contingent payment: | 12.75% for quarter if lululemon athletica stock closes at or above downside threshold level on determination date for that quarter
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus contingent coupon if lululemon athletica stock finishes at or above downside threshold; otherwise full exposure to any losses
|
| Call: | At par plus contingent payment if lululemon athletica stock closes at or above redemption threshold on any determination date
|
| Initial share price: | $39.93
|
| Downside threshold: | $29.948, 75% of initial price
|
| Redemption threshold: | $37.934, 95% of initial price
|
| Pricing date: | Aug. 29
|
| Settlement date: | Sept. 4
|
| Agents: | Morgan Stanley & Co. LLC
|
| Fees: | 2.25%
|
| Cusip: | 61758S575
|
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