By Sarah Lizee
Olympia, Wash., Dec. 7 – Morgan Stanley Finance LLC priced $12.68 million of contingent income autocallable securities due June 4, 2019 linked to Nvidia Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 13.3% if the stock closes at or above the 50% downside threshold on the determination date for that month.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any of the first five determination dates.
The payout at maturity will be par unless the stock finishes below its 50% 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. Morgan Stanley Wealth Management is handling distribution.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Contingent income autocallable securities
|
| Underlying stock: | Nvidia Corp.
|
| Amount: | $12,677,550
|
| Maturity: | June 4, 2019
|
| Coupon: | 13.3% annualized, payable each month if stock closes at or above downside threshold level on determination date for that month
|
| Price: | Par
|
| Payout at maturity: | If stock finishes above downside threshold, par; otherwise, full exposure to decline
|
| Call: | At par plus contingent coupon if stock closes at or above initial level on any of the first five determination dates
|
| Initial share price: | $163.43
|
| Downside threshold: | $81.715, 50% of initial level
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 5
|
| Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 1.25%
|
| Cusip: | 61768W103
|
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