By Wendy Van Sickle
Columbus, Ohio, May 6 – Morgan Stanley Finance LLC priced $700,000 of contingent income autocallable securities due May 4, 2022 linked to the common stock of Wells Fargo & Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will pay a contingent monthly coupon at an annual rate of 12.72% if the stock closes at or above its 65% 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 share price on any determination date after one year.
The payout at maturity will be par unless the stock finishes below its 65% downside threshold, in which case investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| 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: | Wells Fargo & Co.
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| Amount: | $700,000
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| Maturity: | May 4, 2022
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| Coupon: | 12.72% annualized, payable monthly if stock closes at or above downside threshold on determination date for that month
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above downside threshold, par; otherwise, full exposure to losses
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| Call: | At par if stock closes at or above initial share price any determination date after one year
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| Initial share price: | $30.00
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| Downside threshold: | $19.50, 65% of initial level
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| Pricing date: | April 30
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| Settlement date: | May 4
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| Agent: | Morgan Stanley & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 3%
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| Cusip: | 61771BCV4
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