By Wendy Van Sickle
Columbus, Ohio, June 2 – Morgan Stanley Finance LLC priced $3.88 million of buffered autocallable securities with upside participation feature due June 3, 2021 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 redeemed at par plus an annual call premium of 7% if the index closes at or above the initial index level on any of the first four annual determination dates.
If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of $13.50 and the index return.
Investors will receive par if the index falls by up to 15% and will be exposed to any losses beyond the buffer.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Buffered autocallable market-linked securities upside participation feature
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| Underlying index: | Russell 2000
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| Amount: | $3.88 million
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| Maturity: | June 3, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final index level is greater than or equal to initial level, greater of $13.50 and the index return; par if index falls by up to 15%; exposure to losses beyond 15%
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| Call: | Automatically at par plus call premium of 7% per year if index closes at or above initial index level on any of the first four annual determination dates
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| Initial level: | 1,154.792
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| Threshold level: | 981.573, 85% of initial level
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| Pricing date: | May 31
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| Settlement date: | June 1
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| Underwriter: | Morgan Stanley & Co. LLC
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| Fees: | 3%
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| Cusip: | 61766B499
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