New York, Sept. 14 – Morgan Stanley Finance LLC priced $3.17 million of contingent income autocallable securities due Sept. 5, 2025 linked to the common stock of MetLife, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.65%, paid quarterly, if the underlying stock closes at or above its 75% downside threshold on the related quarterly observation date, plus any previously unpaid coupons.
The securities will be called automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly call determination date starting March 7, 2024.
At maturity, the payout will be par unless the stock finishes below its 75% downside threshold level, 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: | Contingent income autocallable securities
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| Underlying stock: | MetLife, Inc.
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| Amount: | $3,173,000
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| Maturity: | Sept. 5, 2025
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| Coupon: | 11.65%, paid quarterly, if the underlying stock closes at or above its 75% downside threshold on the related quarterly observation date, plus any previously unpaid coupons
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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 stock
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| Call: | Automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly call determination date starting March 7, 2024
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| Initial level: | $63.34
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| Downside threshold: | $47.505, 75% of initial level
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| Pricing date: | Aug. 31
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| Settlement date: | Sept. 6
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.75%
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| Cusip: | 61775HYE1
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