By Angela McDaniels
Tacoma, Wash., Sept. 18 – Morgan Stanley Finance LLC priced $9.6 million of 7.5% trigger securities linked to the 30-year U.S. dollar ICE swap rate and the two-year U.S. dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
Interest is payable monthly.
The reference rate spread is the 30-year U.S. dollar ICE swap rate minus the two-year U.S. dollar ICE swap rate.
If the final reference rate spread is greater than or equal to 50% of the initial reference rate spread, the payout at maturity will be par. Otherwise, the payout will be $1,000 multiplied by the quotient of the final reference rate spread divided by the initial reference rate spread.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Fixed-rate trigger securities
|
| Underlying rates: | 30-year and two-year U.S. dollar ICE swap rates
|
| Amount: | $9.6 million
|
| Maturity: | March 21, 2018
|
| Coupon: | 7.5%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If final reference rate spread is greater than or equal to trigger level, par; otherwise, $1,000 multiplied by quotient of final reference rate spread divided by initial reference rate spread
|
| Initial reference rate spread: | 0.845%
|
| Trigger level: | 0.4225%, 50% of initial reference rate spread
|
| Pricing date: | Sept. 14
|
| Settlement date: | Sept. 21
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.4%
|
| Cusip: | 61766YBZ3
|
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