New York, Aug. 25 – Morgan Stanley Finance LLC priced $2 million of contingent income autocallable securities due Nov. 25 linked to the stock performance of Tyson Foods, Inc., PBF Energy Inc. and Fortinet, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 18.5%, paid monthly, if each underlying stock closes at or above its 55% downside threshold on the related monthly observation date.
The securities will be called automatically at par if the closing price of each underlying stock is greater than or equal to its initial price on any monthly call determination date.
At maturity, the payout will be par unless the worst performing stock finishes below its 55% downside threshold level, in which case investors will be fully exposed to the 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: | Tyson Foods, Inc., PBF Energy Inc. and Fortinet, Inc.
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| Amount: | $2 million
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| Maturity: | Nov. 25
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| Coupon: | 18.5%, paid monthly, if each underlying stock closes at or above its 55% downside threshold on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing stock finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the worst performing stock
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| Call: | Automatically at par if the closing price of each underlying stock is greater than or equal to its initial price on any monthly call determination date
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| Initial levels: | $51.290 for Fortinet, $35.79 for PBF Energy, $81.75 for Tyson Foods
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| Downside thresholds: | $28.210 for Fortinet, $19.685 for PBF Energy, $44.963 for Tyson Foods, 55% of initial level
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| Pricing date: | Aug. 19
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| Settlement date: | Aug. 24
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.6%
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| Cusip: | 61774D3V7
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