New York, June 2 – Morgan Stanley Finance LLC priced $2.5 million of callable contingent income securities due May 30, 2025 linked to common stock of Foot Locker, Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 22.5%, paid quarterly, if the underlying stock closes at or above its 50% downside threshold on the related quarterly observation date.
The securities may be called at par on any quarterly call date.
At maturity, the payout will be par unless the stock finishes below its 50% downside threshold, in which case investors will be fully exposed to the decline of the 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: | Callable contingent income securities
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| Underlying stock: | Foot Locker, Inc.
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| Amount: | $2.5 million
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| Maturity: | May 30, 2025
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| Coupon: | 22.5%, paid quarterly, if the underlying stock closes at or above its 50% downside threshold on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the stock finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the underlying stock
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| Call option: | At par on any quarterly call date
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| Initial level: | $26.16
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| Downside threshold: | $13.08, 50% of initial level
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| Strike date: | May 24
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| Pricing date: | May 25
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| Settlement date: | May 31
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.5%
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| Cusip: | 61771WAG3
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