By Susanna Moon
Chicago, June 22 – Morgan Stanley Finance LLC priced $3.63 million of callable contingent income securities due June 6, 2019 linked to the worst performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 6.85% if each index closes at or above the 65% coupon barrier on the determination date that quarter.
The notes are callable at par plus the contingent coupon on any quarterly redemption date beginning Dec. 7, 2017.
The payout at maturity will be par plus the contingent coupon unless any index finishes below its 65% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performing index.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Callable contingent income securities
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| Underlying indexes: | Euro Stoxx 50, S&P 500 and Russell 2000
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| Amount: | $3.63 million
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| Maturity: | June 6, 2019
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| Coupon: | 6.85% annualized for each quarter that each index closes at or above 65% coupon barrier on observation date for quarter
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| Price: | Par
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| Call option: | At par plus contingent coupon on any quarterly redemption date beginning Dec. 7, 2017
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| Payout at maturity: | Par plus contingent coupon if each index finishes at or above barrier; otherwise, 1% loss for each 1% decline of worst performing index
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| Initial levels: | 3,591.82 for Stoxx, 2,439.07 for S&P and 1,405.387 for Russell
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| Downside thresholds: | 2,334.683 for Stoxx, 1,585.396 for S&P and 913.502 for Russell; 65% of initial levels
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| Pricing date: | June 2
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| Settlement date: | June 7
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.5%
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| Cusip: | 61768CKR7
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