By Susanna Moon
Chicago, June 7 – Morgan Stanley Finance LLC priced $3.08 million of contingent income autocallable securities due May 31, 2022 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 13.15% if the index closes at or above its 85% threshold on an observation date for that quarter.
The notes will be called at par if the index closes at or above its initial level on any observation date.
The payout at maturity will be par unless the index finishes below its 85% downside threshold, in which case investors will be fully exposed to any losses.
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 index: | Euro Stoxx Banks
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| Amount: | $3,075,000
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| Maturity: | May 31, 2022
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| Coupon: | 13.15%, payable quarterly if index closes at or above 85% threshold on observation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless index finishes below 85% threshold, in which case full exposure
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| Call: | At par plus contingent coupon if index closes at or above initial level on any determination date
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| Initial level: | 135.07
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| Threshold: | 114.81, 85% of initial level
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| Pricing date: | May 25
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| Settlement date: | May 31
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.5%
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| Cusip: | 61768CKA4
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