By Tali Rackner
Minneapolis, July 13 – Morgan Stanley Finance LLC priced $976,300 of contingent income autocallable securities due July 9, 2021 linked to the common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will pay a contingent quarterly coupon at an annual rate of 9.3% if the stock closes at or above the 75% downside threshold on the determination date for that quarter.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial share price on any of the first 11 determination dates.
The payout at maturity will be par unless the stock finishes below its 75% downside threshold, in which case investors will lose 1% for each 1% decline.
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 stock: | Facebook, Inc. (Symbol: FB)
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| Amount: | $976,300
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| Maturity: | July 9, 2021
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| Coupon: | 9.3% annualized, payable each quarter if stock closes at or above downside threshold level on determination date for that quarter
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| Price: | Par
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| Payout at maturity: | If stock finishes above downside threshold, par; otherwise, 1% loss for each 1% decline
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| Call: | At par plus contingent coupon if stock closes at or above initial share price on any of the first 11 determination dates
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| Initial share price: | $203.23
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| Downside threshold: | $152.423, 75% of initial price
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| Pricing date: | July 6
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| Settlement date: | July 11
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.5%
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| Cusip: | 61768R203
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