By Kiku Steinfeld
Chicago, Sept. 12 – Morgan Stanley Finance LLC priced $508,000 of fixed coupon autocallable securities due Jan. 30, 2025 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting July 26, 2022 at par and on any subsequent quarterly review date if each index closes at or above its initial level.
Investors will receive a coupon of 10% per year, paid quarterly.
If the stock gains or ends above its $468.705, which is equal to 50% of the initial share price downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the stock declines if it finishes below its downside threshold level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Fixed coupon autocallable securities
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| Underlying stock: | Tesla, Inc.
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| Amount: | $508,000
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| Maturity: | Jan. 30, 2025
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| Coupon: | 10% per year, paid quarterly
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above its downside threshold level, par; 1% loss for every 1% that stock declines if it finishes below its downside threshold level
|
| Call: | Automatically starting July 26, 2022 at par and on any subsequent quarterly review date if each index closes at or above its initial level
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| Initial level: | $937.41
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| Downside threshold: | $468.705, 50% of initial level
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
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| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.5%
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| Cusip: | 61773HL31
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