New York, June 10 – Morgan Stanley Finance LLC priced $1.04 million of contingent income autocallable securities due March 7, 2024 linked to Intellia Therapeutics, Inc., Netflix, Inc. and Valero Energy Corp. common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 48%, paid monthly, if each underlying stock closes at or above its 60% downside threshold on the related monthly observation date.
The securities will be called automatically at par if the closing price of each underlying stock is greater than or equal to its initial price on any quarterly call determination date.
At maturity, the payout will be par unless the worst performing stock finishes below its 60% downside threshold, in which case investors will be fully exposed to the decline of the worst performing stock.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
|
Issue: | Contingent income autocallable securities
|
Underlying stocks: | Intellia Therapeutics, Inc., Netflix, Inc. and Valero Energy Corp.
|
Amount: | $1.04 million
|
Maturity: | March 7, 2024
|
Coupon: | 48%, paid monthly, if each underlying stock closes at or above its 60% downside threshold on the related monthly observation date
|
Price: | Par
|
Payout at maturity: | Par unless the worst performing stock finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the worst performing underlying stock
|
Call: | Automatically at par if the closing price of each underlying stock is greater than or equal to its initial price on any quarterly call determination date
|
Initial levels: | $198.98 for Netflix, $45.31 for Intellia Therapeutics, $135.42 for Valero Energy
|
Downside thresholds: | $119.388 for Netflix, $27.186 for Intellia Therapeutics, $81.252 for Valero Energy, 60% of initial levels
|
Pricing date: | June 3
|
Settlement date: | June 8
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 0.7%
|
|
Cusip: | 61774DGX9
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.