By Angela McDaniels
Tacoma, Wash., Aug. 30 - Morgan Stanley priced $3 million of 0% market-linked autocallable notes due Aug. 31, 2032 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a monthly contingent coupon of 10% per year if the index closes at or above the barrier level, 625, on the determination date for that month. Otherwise, no coupon will be paid that month.
The payout at maturity will be par plus the final monthly contingent coupon, if any.
Beginning in August 2017, the notes will be automatically called at par plus the contingent monthly coupon if the index closes at or above its initial level on any quarterly redemption determination date.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Market-linked autocallable notes
|
| Underlying index: | Russell 2000
|
| Amount: | $3 million
|
| Maturity: | Aug. 31, 2032
|
| Contingent coupon: | If index closes at or above 625 on monthly determination date, 10% per year; otherwise, no coupon will be paid that month
|
| Price: | Par
|
| Payout at maturity: | Par plus final monthly contingent coupon, if any
|
| Call: | Beginning in August 2017, automatically at par plus contingent monthly coupon if index closes at or above initial level on any quarterly redemption determination date
|
| Initial index level: | 814.28
|
| Pricing date: | Aug. 28
|
| Settlement date: | Aug. 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 617482V84
|
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