By Susanna Moon
Chicago, Aug. 9 – Morgan Stanley Finance LLC priced $1 million of contingent income callable securities due Aug. 8, 2018 linked to the least performing of the Nasdaq-100 index, the Euro Stoxx Banks index and the Nikkei 225 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 12% if each index closes at or above its 80% coupon threshold on the determination date for that quarter.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any determination date beginning Nov. 2, 2017.
The payout at maturity will be par plus the contingent coupon unless any index finishes below its 80% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performing index.
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: | Contingent income autocallable securities
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| Underlying indexes: | Nasdaq-100 index, the Euro Stoxx Banks index and the Nikkei 225 index
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| Amount: | $1 million
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| Maturity: | Aug. 8, 2018
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| Coupon: | 12% annualized for each quarter that each index closes at or above 80% coupon barrier on observation date for quarter
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon if each index finishes at or above 80% downside threshold; otherwise, 1% loss for each 1% decline of worst performing index
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| Call: | At par plus contingent payment if each index closes at or above initial level on any determination date beginning Nov. 2, 2017
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| Initial levels: | 5,914.230 for Nasdaq, 135.74 for Stoxx Banks and 20,080.04 for Nikkei
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| Barrier levels: | 4,731.384 for Nasdaq, 108.592 for Stoxx Banks and 16,064.032 for Nikkei; 80% of initial levels
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| Pricing date: | Aug. 2
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| Settlement date: | Aug. 7
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.5%
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| Cusip: | 61768CNT0
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