By Sarah Lizee
Olympia, Wash., Sept. 14 – Morgan Stanley Finance LLC priced $11.09 million of trigger autocallable contingent yield notes due Sept. 14, 2023 linked to the S&P 500 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 annual rate of 9.5% if the index closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that quarter.
The notes will be called at par if the index closes at or above its initial level on any quarterly observation date.
The payout at maturity will be par unless the index finishes below the 70% downside threshold level, in which case investors will lose 1% for each 1% decline from its initial level.
Morgan Stanley & Co. LLC is the agent and UBS Financial Services Inc. is the dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger autocallable contingent yield notes
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| Underlying index: | S&P 500
|
| Amount: | $11,094,950
|
| Maturity: | Sept. 14, 2023
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| Coupon: | 9.5%, payable quarterly if index closes at or above coupon barrier level on observation date
|
| Price: | Par of $10
|
| Call: | At par if the index closes at or above initial level on any quarterly observation date
|
| Payout at maturity: | Par unless index closes below downside threshold level, in which case 1% loss for each 1% decline from initial level
|
| Initial level: | 3,339.19
|
| Coupon barrier: | 2,337.43; 70% of initial level
|
| Downside threshold: | 2,337.43; 70% of initial level
|
| Pricing date: | Sept. 10
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| Settlement date: | Sept. 15
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | None
|
| Cusip: | 61771D332
|
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