By Kiku Steinfeld
Chicago, Jan. 5 – Morgan Stanley Finance LLC priced $4.57 million of contingent income autocallable securities due Dec. 27, 2024 linked to Ford Motor Co. common stock, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 13.46%, paid quarterly, if the underlying stock closes at or above its downside threshold on the related quarterly observation date.
The securities will be called automatically at par if the stock closes at or above its initial price on any quarterly call determination date.
At maturity the payout will be par unless the stock closes below its 60% 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
|
| Guarantor: | Morgan Stanley
|
| Issue: | Contingent income autocallable securities
|
| Underlying stock: | Ford Motor Co.
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| Amount: | $4,565,000
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| Maturity: | Dec. 27, 2024
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| Coupon: | 13.46%, paid quarterly, if the underlying stock closes at or above its downside threshold on the related quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock closes below its downside threshold level, in which case investors will be fully exposed to the decline in the underlying stock
|
| Call: | Automatically at par if the price of the stock closes at or above its initial price on any quarterly call determination date
|
| Initial level: | $20.14
|
| Downside threshold: | $12.084, 60% of initial level
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| Pricing date: | Dec. 22
|
| Settlement date: | Dec. 28
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 61773HVS5
|
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