By Wendy Van Sickle
Columbus, Ohio, June 17 – Morgan Stanley Finance LLC priced $11.46 million of 10% trigger yield notes due June 18, 2020 linked to Libor, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
Interest is payable quarterly.
If the final reference rate is greater than or equal to the downside threshold, the payout at maturity will be par. The downside threshold is 50% of the initial reference rate.
If the final reference rate is less than the downside threshold, investors will experience a loss of principal that is proportionate to the negative reference rate return from the pricing date to the final valuation date.
Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is acting as dealer.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Trigger yield notes
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| Amount: | $11.46 million
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| Maturity: | June 18, 2020
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| Coupon: | 10%, payable quarterly
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| Price: | Par
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| Payout at maturity: | If final reference rate is greater than or equal to downside threshold, par; if final reference rate is less than downside threshold, investors experience loss of principal proportionate to negative reference rate return from pricing date to final valuation date
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| Initial reference rate: | 2.402%
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| Downside threshold: | 1.201%, or 50% of initial reference rate
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| Pricing date: | June 14
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| Settlement date: | June 18
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| Agent: | Morgan Stanley & Co. LLC
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| Dealer: | UBS Financial Services Inc.
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| Fees: | 2%
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| Cusip: | 61766YEA5
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