New York, Oct. 27 – Morgan Stanley Finance LLC priced $1.14 million of contingent coupon notes due Oct. 28, 2032 linked to the worst performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent annual coupon of 3.5% if each index closes at or above its barrier level, 70% of its initial level, on the observation date for that year.
If both indexes finish above their initial level, the payout at maturity will be par plus 50% of the return on the worse performing index plus the final coupon.
Otherwise the payout will be par plus the contingent coupon.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Gurantor: | Morgan Stanley
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| Issue: | Contingent coupon notes
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| Underlying indexes: | S&P 500 index and Russell 2000
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| Amount: | $1.14 million
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| Maturity: | Oct. 28, 2032
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| Coupon: | 3.5% per year, payable annually if each index closes at or above its barrier on review date for that year
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| Price: | Par
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| Payout at maturity: | Par unless both indexes gain in which case par plus the 50% of the return of the worst performing index
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| Initial index levels: | 2,557.15 for S&P 500, 1,493.478 for Russell
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| Barriers: | 1,534.29 for S&P 500, 896.087 for Russell; 60% of initial levels
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| Pricing date: | Oct. 25
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| Settlement date: | Oct. 30
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| Agents: | Morgan Stanley & Co. LLC
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| Fees: | 2%
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| Cusip: | 61768CSH1
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