By Wendy Van Sickle
Columbus, Ohio, Jan. 12 – Morgan Stanley Finance LLC priced $1.91 million of autocallable fixed-coupon notes due Dec. 30, 2022 linked to the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be 7% per year and will be payable quarterly.
The notes will be automatically called at par if each index closes at or above its initial level on any quarterly valuation date.
If the notes are not called, the payout at maturity will be par unless either index finishes below its barrier level, 75% of its initial level, in which case the payout will be par minus 1% for every 1% that the lesser-performing index declines from its initial level.
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: | Autocallable fixed-coupon notes
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| Underlying indexes: | Nasdaq-100 index and Russell 2000 index
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| Amount: | $1.91 million
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| Maturity: | Dec. 30, 2022
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| Coupon: | 7%, payable quarterly
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| Price: | Par
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| Call: | At par if each index closes at or above initial level on any valuation date
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| Payout at maturity: | Par unless either index finishes below barrier level, in which case par minus 1% for every 1% that lesser-performing index declines from initial level
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| Initial index levels: | 2,003.95 for Russell 2000 and 12,711.01 for Nasdaq-100
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| Barrier levels: | 1,502.963 for Russell 2000 and 9,533.258 for Nasdaq-100; 75% of initial levels
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| Pricing date: | Dec. 24
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| Settlement date: | Dec. 30
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.5%
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| Cusip: | 61771EVY1
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