By Jennifer Chiou
New York, Nov. 5 - Morgan Stanley priced $852,000 of contingent income securities due Oct. 31, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a monthly coupon at an annualized rate of 8% if the index closes at or above the barrier level on a monthly determination date.
Investors will receive par plus the final contingent coupon if the index finishes at or above the 490 barrier level and will be fully exposed to any losses if the index finishes below the barrier level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Contingent income securities
|
| Underlying index: | Russell 2000
|
| Amount: | $852,000
|
| Maturity: | Oct. 31, 2019
|
| Coupon: | 8% annualized for each month that index closes at or above barrier level on monthly determination date
|
| Price: | Par
|
| Payout at maturity: | Par plus final contingent coupon if index falls by up to barrier level; otherwise, full exposure to any losses
|
| Initial level: | 818.73
|
| Barrier level: | 490, 59.85% of initial level
|
| Pricing date: | Oct. 31
|
| Settlement date: | Nov. 2
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 6174823A0
|
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