By Susanna Moon
Chicago, July 30 – Morgan Stanley priced $1.57 million of autocallable contingent income securities due July 31, 2029 linked to the worst performing of the Russell 2000 index and the Euro Stoxx 50 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 8.2% if each index closes at or above its initial level on a determination date for that quarter.
The notes will be called at par plus the contingent coupon if each index closes at or above the initial level on any quarterly call date after three years.
If each index finishes at or above the initial level, the payout at maturity will be par plus the final contingent coupon.
If each index finishes at or above 50% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worst performing index.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Autocallable contingent income securities
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| Underlying indexes: | Russell 2000, Euro Stoxx 50
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| Amount: | $1.57 million
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| Maturity: | July 31, 2029
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| Coupon: | 8.2% annualized per quarter if each index closes at or above its initial level on review date for that quarter
|
| Price: | Par
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| Payout at maturity: | If each index finishes at or above its initial level, par plus the final contingent coupon; if each index finishes at or above trigger level, par; otherwise, full exposure to any losses of worst performing index
|
| Initial index levels: | 1,139.502 for Russell, 3,171.55 for Euro Stoxx
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| Trigger levels: | 569.751 for Russell, 1,585.775 for Euro Stoxx; 50% of initial levels
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| Call: | At par plus contingent coupon if each index closes at or above initial level on any quarterly call date beginning July 31, 2017
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| Pricing date: | July 28
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| Settlement date: | July 31
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.5%
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| Cusip: | 61761JRQ4
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