By William Gullotti
Buffalo, N.Y., June 29 – Morgan Stanley Finance LLC priced $1 million of market-linked contingent income autocallable notes due June 28, 2028 linked to the performance of the SPDR S&P Regional Banking ETF, the Energy Select Sector SPDR Fund and the Technology Select Sector SPDR Fund, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will pay a contingent monthly coupon at a rate of 8% per year if each ETF closes at or above its coupon barrier, 75% of initial level, on the corresponding observation date.
The notes will be automatically called at par plus the coupon if each ETF closes at or above its initial level on any quarterly valuation date after six months.
The payout at maturity will be par, and if each ETF finishes at or above its coupon barrier, the final coupon.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Issue: | Market-linked contingent income autocallable notes
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| Guarantor: | Morgan Stanley
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| Underlying funds: | SPDR S&P Regional Banking ETF, Energy Select Sector SPDR Fund, Technology Select Sector SPDR Fund
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| Amount: | $1 million
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| Maturity: | June 28, 2028
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| Coupon: | 8% per year, paid monthly if each ETF closes at or above its 75% coupon barrier on the relevant review date
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| Price: | Par
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| Payout at maturity: | Par plus any coupon otherwise due
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| Call: | Automatically at par plus the coupon if each ETF closes at or above its initial level on any quarterly valuation date after six months
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| Initial levels: | $39.58 for Regional Banking, $77.36 for Energy, $168.65 for Technology
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| Coupon barriers: | $29.685 for Regional Banking, $58.02 for Energy, $126.488 for Technology; 75% of initial levels
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| Pricing date: | June 23
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| Settlement date: | June 28
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 61775HAU1
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