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Published on 12/12/2017 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley sells $10.59 million 8.75% contingent income autocalls tied to Amazon

By Wendy Van Sickle

Columbus, Ohio, Dec. 12 – Morgan Stanley Finance LLC priced $10.59 million of contingent income autocallable securities due Dec. 11, 2020 linked to Amazon.com, Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8.75% if the stock closes at or above its 80% downside threshold on the determination date that quarter.

The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any of the first 11 determination dates.

The payout at maturity will be par unless the stock finishes below its 80% downside threshold, in which case investors will be fully exposed to any losses.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent with distribution through Morgan Stanley Wealth Management.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Contingent income autocallable securities
Underlying shares:Amazon.com, Inc.
Amount:$10,593,830
Maturity:Dec. 11, 2020
Coupon:8.75% per year, payable quarterly if stock closes at or above downside threshold on determination date that quarter
Price:Par
Payout at maturity:If stock finishes at or above downside threshold, par; otherwise, 1% loss for each 1% decline of shares
Call:At par if stock closes at or above initial level on any quarterly call date
Initial level:$1,162.00
Downside threshold:$929.60, 80% of initial level
Pricing date:Dec. 8
Settlement date:Dec. 13
Agent:Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management as a distributor
Fees:2.5%
Cusip:61768K570

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