New York, Jan. 26 – Morgan Stanley Finance LLC priced $1.5 million of contingent income buffered autocallable securities due Jan. 26, 2023 linked to S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 4.35%, paid quarterly, if the underlying index closes at or above its 85% coupon barrier on the related quarterly observation date.
The securities will be called automatically starting July 25, 2022 at par on any quarterly call determination date if the index closes above its initial level.
At maturity the payout will be par unless the index declines by more than its 15% buffer in which case investors will be exposed to the decline of the index beyond the buffer.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Contingent income buffered autocallable securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $1.5 million
|
| Maturity: | Jan. 26, 2023
|
| Coupon: | 4.35% annual rate, paid quarterly, if the underlying index closes at or above its 85% coupon barrier on the related observation date
|
| Price: | Par
|
| Payout at maturity: | Par if the index gains or loses no more than its 15% buffer, otherwise investors will be exposed to the decline in the index beyond the buffer
|
| Call: | Automatically starting July 25, 2022 at par on any quarterly call determination date if the index closes above its initial level
|
| Initial level: | 4,482.73
|
| Buffer level: | 3,810.321, 85% of the initial level
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| Coupon barrier: | 3,810.321, 85% of the initial level
|
| Pricing date: | Jan. 20
|
| Settlement date: | Jan. 25
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.6%
|
| Cusip: | 61773HG78
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