New York, March 28 – Morgan Stanley Finance LLC priced $3.15 million of contingent income autocallable securities due June 27, 2023 linked to Ford Motor Co. common stock, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 15.4%, paid monthly, if the underlying stock closes at or above its 62% downside threshold on the related monthly observation date.
The securities will be called automatically starting Sept. 27, 2022 at par if the price of the underlying stock is greater than or equal to its initial price on any quarterly call determination date.
At maturity the payout will be par unless the stock closes below its 62% 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.
|
| Amount: | $3,151,000
|
| Maturity: | June 27, 2023
|
| Coupon: | 15.4%, paid monthly, if the underlying stock closes at or above its 62% downside threshold on the related monthly 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 starting Sept. 27, 2022 at par if the price of the underlying stock is greater than or equal to its initial price on any quarterly call determination date
|
| Initial level: | $17.09
|
| Downside threshold: | $10.596, 62% of initial level
|
| Pricing date: | March 22
|
| Settlement date: | March 25
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.5%
|
|
|
| Cusip: | 61773QPQ6
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
