New York, Jan. 19 – Morgan Stanley Finance LLC priced $1.41 million of contingent income autocallable securities due Sept. 30 linked to the American depositary shares of Alibaba Group Holding Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10%, paid monthly, if the underlying stock closes at or above its 52% downside threshold on the related monthly observation date.
The securities will be called automatically starting March 3, 2022 at par if the price of the underlying stock is greater than or equal to its initial price on any monthly call determination date.
At maturity the payout will be par unless the stock closes below its 52% downside threshold in which case investors will be fully exposed to the decline of the stock.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Contingent income autocallable securities
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| Underlying stock: | Alibaba Group Holding Ltd.
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| Amount: | $1,406,000
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| Maturity: | Sept. 30
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| Coupon: | 10%, paid monthly, if the underlying stock closes at or above its 52% downside threshold on the related monthly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock closes below its downside threshold level in which case investors will be fully exposed to the decline in the underlying stock
|
| Call: | Automatically starting March 3, 2022 at par if the price of the underlying stock is greater than or equal to its initial price on any monthly call determination date
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| Initial level: | $159.47
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| Downside threshold: | $82.924, 52% of initial level
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| Pricing date: | Aug. 27, 2021
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| Settlement date: | Sept. 1, 2021
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0%
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| Cusip: | 61773FSS3
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