By Kiku Steinfeld
Chicago, June 15 – Morgan Stanley Finance LLC priced $4.82 million of 5% fixed-income buffered autocallable securities due Nov. 23, 2022 linked to the lowest performing of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable semiannually.
The notes will be automatically called at par if each index closes at or above its initial level on any semiannual call date.
If each index finishes at or above the 80% buffer level, the payout will be par.
Otherwise, investors will lose 1.25% for each 1% decline of the least performing index beyond the buffer.
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: | Fixed-income buffered autocallable securities
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $4,816,000
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| Maturity: | Nov. 23, 2022
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| Coupon: | 5%, payable semiannually
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| Price: | Par
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| Payout at maturity: | Par unless either index falls by more than 20%, in which case 1.25% loss for each 1% decline of worse-performing index beyond 20%
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| Call: | Notes will be automatically called at par if each index closes at or above its initial level on any semiannual call date
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| Initial levels: | 2,227.119 for Russell, 13,312.91 for Nasdaq
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| Buffer levels: | 1,781.695 for Russell, 10,650.328 for Nasdaq; 80% of initial levels
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| Pricing date: | May 18
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| Settlement date: | May 21
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.5%
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| Cusip: | 61771VX70
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