By Marisa Wong
Los Angeles, April 1 – Morgan Stanley Finance LLC priced $2.58 million of trigger autocallable contingent yield notes due March 31, 2031 linked to the iStoxx Global Fintech 30 NR Decrement 5% index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will pay a contingent quarterly coupon at an annualized rate of 9% if the index closes at or above its coupon barrier level, 70% of its initial level, on the related quarterly observation date.
The notes will be called at par plus the coupon if the index closes at or above its initial level on any quarterly observation date after one year.
The payout at maturity will be par plus any final coupon due unless the index finishes below the 60% downside threshold level, in which case investors will lose 1% for each 1% index decline from the initial level.
Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is acting as dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger autocallable contingent yield notes
|
| Underlying index: | iStoxx Global Fintech 30 NR Decrement 5% index
|
| Amount: | $2,581,000
|
| Maturity: | March 31, 2031
|
| Coupon: | 9% per year, payable each quarter that index closes at or above coupon barrier on observation date for that quarter
|
| Price: | Par of $10
|
| Call: | Automatically at par plus coupon if index closes at or above initial level on any quarterly observation date after one year
|
| Payout at maturity: | Par plus any final coupon due unless index finishes below downside threshold, in which case 1% loss for each 1% index decline from initial level
|
| Initial level: | 3,141.81
|
| Coupon barrier: | 2,199.27, 70% of initial level
|
| Downside threshold: | 1,885.09, 60% of initial level
|
| Pricing date: | March 29
|
| Settlement date: | March 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | None
|
| Cusip: | 61771U805
|
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