Chicago, Nov. 2 – Morgan Stanley Finance LLC priced $3 million of contingent income autocallable securities due Oct. 30, 2025 linked to the class A common stock of Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.05%, paid quarterly, if the underlying stock closes at or above its 55% downside threshold on the related quarterly observation date.
The securities will be called automatically starting April 29, 2024 at par if the price of the 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 stock closes below its 55% downside threshold level 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: | Alphabet Inc. (Ticker: GOOGL)
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| Amount: | $3 million
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| Maturity: | Oct. 30, 2025
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| Coupon: | 9.05% annual rate, paid quarterly, if the underlying stock closes at or above its 55% downside threshold on the related quarterly observation date
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| Price: | Par
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| 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 stock
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| Call: | Automatically starting April 29, 2024 at par if the price of the underlying stock is greater than or equal to its initial price on any quarterly call determination date
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| Initial level: | $122.28
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| Downside threshold: | $67.254, 55% of initial level
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| Pricing date: | Oct. 27
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| Settlement date: | Nov. 1
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.9286%
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| Cusip: | 61775MTU0
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