New York, Feb. 11 – Morgan Stanley Finance LLC priced $6.67 million of contingent income autocallable securities due Feb. 13, 2023 linked to KLA Corp. and Signature Bank common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.6%, paid monthly, if each underlying stock closes at or above its 50% downside threshold on the related monthly observation date.
The securities will be called automatically starting May 12 at par if the price of each 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 worst performing stock closes below its 50% downside threshold in which case investors will be fully exposed to the decline of the worst performing 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 stocks: | KLA Corp. and Signature Bank
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| Amount: | $6,665,000
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| Maturity: | Feb. 13, 2023
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| Coupon: | 9.6%, paid monthly, if each underlying stock closes at or above its 50% downside threshold on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing stock closes below its downside threshold level in which case investors will be fully exposed to the decline in the worst performing underlying stock
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| Call: | Automatically starting May 12 at par if the price of each underlying stock is greater than or equal to its initial price on any monthly call determination date
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| Initial levels: | $385.22 for KLA Corp., $337.37 for Signature Bank
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| Downside thresholds: | $192.61 for KLA Corp., $168.685 for Signature Bank, 50% of initial levels
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| Pricing date: | Feb. 8
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| Settlement date: | Feb. 11
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.6%
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| Cusip: | 61773HZ85
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