By William Gullotti
Buffalo, N.Y., June 28 – Morgan Stanley Finance LLC priced $16.36 million of 0% autocallable buffered notes due June 21, 2023 linked to the Russell 2000 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 a premium of 7.85% if the index closes at or above its initial level on June 27, 2022.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus 15.7%.
If the index falls by up to 10%, the payout will be par.
Investors will lose 1.1111% for each 1% index decline beyond 10%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor | Morgan Stanley
|
| Issue: | Autocallable buffered index-linked notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $16,362,000
|
| Maturity: | June 21, 2023
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If index finishes at or above its initial level, par plus 15.7%; if index falls by up to 10%, par; otherwise, 1.1111% loss for each 1% index decline beyond 10%
|
| Call: | Par plus 7.85% if index closes at or above its initial level on June 27, 2022
|
| Initial level: | 2,237.745
|
| Buffer level: | 2,013.9705; 90% of initial level
|
| Pricing date: | June 18
|
| Settlement date: | June 25
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 61771VZ45
|
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