By Wendy Van Sickle
Columbus, Ohio, July 14 – Morgan Stanley Finance LLC priced $5.26 million of contingent income autocallable securities due July 6, 2022 linked to the worst performing of the Euro Stoxx 50 index, the Russell 2000 index and the MSCI Emerging Markets 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% if each index closes at or above the 66% coupon barrier on the determination date that quarter.
After six months, the notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date other than the final determination date.
The payout at maturity will be par plus the contingent coupon unless any index finishes below its 66% 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: | Euro Stoxx 50, MSCI Emerging Markets and Russell 2000
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| Amount: | $5,255,000
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| Maturity: | July 6, 2022
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| Coupon: | 8% annualized for each quarter that each index closes at or above barrier on observation date for quarter
|
| Price: | Par
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| Payout at maturity: | Par plus contingent coupon if each index finishes at or above barrier; otherwise, 1% loss for each 1% decline of worst performing index
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| Call: | After six months at par plus contingent payment if each index closes at or above initial level on any quarterly determination dates other than the final determination date
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| Initial index levels: | 3,441.88 for Stoxx, 1,010.80 for Emerging Markets and 1,415.359 for Russell
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| Barriers/thresholds: | 2,271.641 for Stoxx, 667.128 for Emerging Markets and 934.137 for Russell; 66% of initial levels
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| Pricing date: | June 30
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| Settlement date: | July 6
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3%
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| Cusip: | 61768CLW5
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