By Wendy Van Sickle
Columbus, Ohio, June 14 – Morgan Stanley Finance LLC priced $1.71 million of contingent income autocallable securities due June 10, 2021 linked to the least performing of the common stock of Facebook, Inc. and the common stock of Amazon.com, Inc., 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 stock closes at or above its 60% downside threshold on the determination date that quarter.
The notes will be called at par if each stock closes at or above its initial level on any observation date after one year.
The payout at maturity will be par unless any stock finishes below its 60% downside threshold, in which case investors will be fully exposed to any losses of the worst performing stock.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent with distribution through Morgan Stanley Wealth Management.
| 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: | Facebook, Inc. and Amazon.com, Inc.
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| Amount: | $1,709,000
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| Maturity: | June 10, 2021
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| Coupon: | 8% annualized, payable quarterly if each stock closes at or above downside threshold on determination date for that quarter
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| Price: | Par
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| Payout at maturity: | If each stock finishes at or above downside threshold, par; otherwise, 1% loss for each 1% decline of worst performing stock
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| Call: | At par if each stock closes at or above its initial level on any quarterly observation date after one year
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| Initial levels: | $188.18 for Facebook and $1,689.30 for Amazon
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| Downside thresholds: | $112.908 for Facebook and $1,013.58 for Amazon; 60% of initial levels
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| Pricing date: | June 8
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| Settlement date: | June 10
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| Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management as a distributor
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| Fees: | 3%
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| Cusip: | 61768C4Y0
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