New York, Jan. 30 – Morgan Stanley priced $741,000 of contingent income autocallable cannon securities due Jan. 30, 2030 linked to the worst performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 7% if each index closes at or above its coupon barrier level, 75% of its initial level, on the observation date for that month.
After four years the notes will be callable at par plus the contingent coupon if both indexes close above their initial values.
The payout at maturity will be par plus the final contingent coupon plus a leveraged performance factor of twice the amount the worst performing index gains or loses compared to its 50% threshold level. The leveraged performance factor can be positive or negative.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Contingent income autocallable cannon securities
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| Underlying indexes: | Russell 2000 and Euro Stoxx 50
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| Amount: | $741,000
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| Maturity: | Jan. 30, 2030
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| Coupon: | 7% for each month that both indexes close at or above coupon barrier level on the observation date for that month
|
| Price: | Par
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| Payout at maturity: | Par plus contingent coupon plus leveraged performance factor of twice the amount the worst performing index gains or loses compared to its 50% threshold level; the leveraged performance factor can be positive or negative
|
| Coupon barriers: | 895.994 for Russell and 2,529.435 for Euro Stoxx; 75% of initial levels
|
| Threshold levels: | 597.329 for Russell and 1,686.29 for Euro Stoxx; 50% of initial levels
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| Initial levels: | 1,194.658 for Russell and 3,327.58 for Euro Stoxx
|
| Pricing date: | Jan. 27
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| Settlement date: | Jan. 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 61761JVV8
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