By Susanna Moon
Chicago, Feb. 8 – Morgan Stanley Finance LLC priced $500,000 of contingent income autocallable securities due Feb. 2, 2022 linked to the worse performing of the common stocks of Facebook, Inc., Microsoft Corp. and Nucor Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 10.15% if each underlying stock closes at or above the 50% downside threshold on the determination date for that month.
The notes will be called at par plus the contingent coupon if each stock closes at or above its 95% redemption threshold on any determination date.
The payout at maturity will be par unless any stock finishes below its 50% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performing stock.
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 stocks: | Facebook, Inc. (Symbol: FB), Microsoft Corp. (Symbol: MSFT) and Nucor Corp. (Symbol: NUE)
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| Amount: | $500,000
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| Maturity: | Feb. 2, 2022
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| Coupon: | 10.15% annualized, payable each month if each stock closes at or above downside threshold level on determination date for that month
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| Price: | Par
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| Payout at maturity: | If any stock finishes above downside threshold, par; otherwise, full exposure to decline of worst performing stock
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| Call: | At par plus contingent coupon if each stock closes at or above 95% call level on any determination date beginning April 29, 2019
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| Initial share prices: | $147.47 for Facebook, $105.08 for Microsoft and $58.50 for Nucor
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| Downside thresholds: | $73.735 for Facebook, $52.54 for Microsoft and $29.25 for Nucor, 50% of initial levels
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| Pricing date: | Jan. 28
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| Settlement date: | Jan. 31
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.85%
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| Cusip: | 61768DYK5
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