Chicago, May 17 – Morgan Stanley Finance LLC priced $625,000 of fixed-coupon autocallable securities due Oct. 24, 2023 linked to the common stock of Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting April 19, 2022 at par and on any subsequent quarterly review date if the stock closes above its initial level.
Investors will receive a coupon of 5.55%, paid quarterly.
If the stock gains or ends above its downside threshold, 75% of the initial share price, the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the stock declines if it finishes below its downside threshold level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Fixed-coupon autocallable securities
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| Underlying stock: | Microsoft Corp.
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| Amount: | $625,000
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| Maturity: | Oct. 24, 2023
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| Coupon: | 5.55%, paid quarterly
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above its downside threshold level, par; 1% loss for every 1% that stock declines if it finishes below its downside threshold level
|
| Call: | Automatically starting April 19, 2022 at par and on any subsequent quarterly review date if stock closes above initial level
|
| Initial level: | $308.23
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| Downside threshold: | $231.173, 75% of initial level
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| Pricing date: | Oct. 19, 2021
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| Settlement date: | Oct. 22, 2021
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.5%
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| Cusip: | 61773F5V1
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