By William Gullotti
Buffalo, N.Y., Feb. 5 – Morgan Stanley Finance LLC sold $1.27 million of 9.1% callable fixed income securities due Feb. 4, 2026 tied to the stock performance of Schlumberger Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid quarterly.
The notes will be callable at par plus the coupon on any quarterly observation date after one year.
If the notes are not called and the stock finishes at or above its 65% downside threshold, the payout at maturity will be par plus the fixed coupon.
Otherwise, investors will lose 1% for every 1% decline of the stock from its initial level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Callable fixed income securities
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| Underlying stock: | Schlumberger Ltd.
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| Amount: | $1.27 million
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| Maturity: | Feb. 4, 2026
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| Coupon: | 9.1% per year, payable quarterly
|
| Price: | Par
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| Payout at maturity: | Par plus final coupon if stock finishes at or above downside threshold; otherwise, investors will lose 1% for every 1% decline of the stock from its initial level
|
| Call option: | At par plus fixed coupon on any quarterly observation date after one year
|
| Initial level: | $49.35
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| Downside threshold: | $32.078; 65% of initial level
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| Pricing date: | Jan. 30
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| Settlement date: | Feb. 2
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.75%
|
| Cusip: | 61771WUV8
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