By Susanna Moon
Chicago, Oct. 16 - Morgan Stanley priced $4.1 million of contingent income securities due Oct. 17, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above the downside threshold level of 460 on a monthly determination date, the notes will pay a contingent payment at an annualized rate of 8% for that month.
If the index finishes at or above the downside threshold level, the payout at maturity will be par plus the contingent monthly payment.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Contingent income securities
|
| Underlying index: | Russell 2000
|
| Amount: | $4,098,000
|
| Maturity: | Oct. 17, 2019
|
| Coupon: | 8% annualized if index closes at or above downside threshold level on determination date for that month
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above downside threshold level, par plus contingent payment; otherwise, full exposure to any losses
|
| Initial index level: | 823.09
|
| Trigger level: | 460
|
| Pricing date: | Oct. 12
|
| Settlement date: | Oct. 17
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 6174822Q6
|
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