By Wendy Van Sickle
Columbus, Ohio, April 17 – Morgan Stanley Finance LLC priced $5 million of 0% autocallable securities due April 16, 2020 linked to Microsoft Corp., Alphabet Inc. and salesforce.com stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If each stock closes at or above its initial level on an annual determination date, the notes will be called at par plus 16.55% a year.
The payout at maturity will be $14.965 per $10 note if each stock closes above its 70% downside threshold level.
Otherwise, investors will be fully exposed to any losses of the worst-performing stock.
The agent is Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management as a distributor.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Autocallable securities
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Underlying stocks: | Microsoft Corp., Alphabet Inc. and salesforce.com
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Amount: | $5 million
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Maturity: | April 16, 2020
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | $14.965 per $10 note if each stock closes above 70% downside threshold; otherwise, full exposure to any losses of the worst-performing stock
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Call: | At par plus 16.55% a year if each stock closes above initial level on annual observation date
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Initial share prices: | $65.48 for Microsoft, $823.35 for Alphabet, $83.86 for salesforce.com
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Downside thresholds: | $45.836 for Microsoft, $576.345 for Alphabet, $58.702 for salesforce.com, 70% of initial prices
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Pricing date: | April 11
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Settlement date: | April 17
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Agents: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management as a distributor
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Fees: | 0.92%
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Cusip: | 61766W238
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