By Marisa Wong
Madison, Wis., Dec. 5 – Morgan Stanley priced $2.03 million of 0% trigger autocallable optimization securities due Nov. 29, 2019 linked to Qualcomm Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus a call return of 8% per year if the stock closes at or above the initial share price on any quarterly observation date after one year.
The payout at maturity will be par unless the shares finish below the 73% trigger level, in which case investors will be fully exposed to any losses.
UBS Financial Services Inc. and Morgan Stanley & Co. LLC are the underwriters.
| Issuer: | Morgan Stanley
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| Issue: | Trigger autocallable optimization securities
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| Underlying stock: | Qualcomm Inc. (Symbol: QCOM)
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| Amount: | $2,033,000
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| Maturity: | Nov. 29, 2019
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| Coupon: | 0%
|
| Price: | Par of $10
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| Payout at maturity: | Par unless shares finish below trigger level, in which case investors will be fully exposed to any losses
|
| Call: | At par plus a call return of 8% per year if stock closes at or above initial share price on any quarterly observation date after one year
|
| Initial share price: | $72.27
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| Trigger price: | $52.76, 73% of initial price
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| Pricing date: | Nov. 25
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| Settlement date: | Nov. 28
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| Agent: | UBS Financial Services Inc. and Morgan Stanley & Co. LLC
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| Fees: | 2.5%
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| Cusip: | 61764C861
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