By Wendy Van Sickle
Columbus, Ohio, April 19 – Morgan Stanley Finance LLC priced $1.37 million of 8.5% fixed-income autocallable securities due July 6, 2022 linked to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will be automatically called at par plus the most recent coupon if each underlying index closes at or above its initial level on any monthly determination date after six months.
If the notes are not called and each index finishes at or above its 75% downside threshold level, the payout at maturity will be par.
Otherwise, investors will lose 1% for each 1% decline of the least-performing index.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Fixed-income autocallable securities
|
| Underlying indexes: | Russell 2000 and Nasdaq-100
|
| Amount: | $1,372,000
|
| Maturity: | July 6, 2022
|
| Coupon: | 8.5%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par if each index finishes at or above its downside threshold; otherwise, investors will lose 1% for each 1% decline of the least-performing index
|
| Call: | Automatically at par plus coupon if each underlying closes at or above its initial level on any monthly determination date after six months
|
| Initial levels: | 2,220.519 for Russell and 13,019.44 for Nasdaq
|
| Downside thresholds: | 1,665.389 for Russell and 9,818.58 for Nasdaq; 75% of initial levels
|
| Pricing date: | March 31
|
| Settlement date: | April 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.5%
|
| Cusip: | 61771VFS4
|
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