New York, Jan. 24 - Morgan Stanley priced $7.89 million of contingent income autocallable securities due Jan. 25, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above the coupon barrier level of 75% of the initial level on a monthly observation date, the notes will pay an annualized contingent payment of 9% for that month.
If the index closes at or above its initial level on any of the quarterly determination dates, the notes will be redeemed at par plus the contingent payment.
If the index finishes at or above the downside threshold level of 60% of the initial level, the payout at maturity will be par plus the contingent payment.
Otherwise, investors will be fully exposed to any losses.
The agent is Morgan Stanley & Co. LLC.
| Issuer: | Morgan Stanley
|
| Issue: | Contingent income autocallable securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $7.89 million
|
| Maturity: | Jan. 25, 2023
|
| Contingent payment: | 9% annualized for moth if the index closes at or above coupon barrier level on observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus contingent coupon if the index finishes at or above downside threshold; otherwise full exposure to any losses
|
| Call: | At par plus contingent payment if the index closes at or above initial level on any determination date
|
| Initial level: | 2,716.70
|
| Coupon barrier level: | 2,037.525, 75% of initial level
|
| Downside threshold level: | 1,630.02, 60% of initial level
|
| Pricing date: | Jan. 22
|
| Settlement date: | Jan. 25
|
| Agents: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 61761JBE8
|
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