By Susanna Moon
Chicago, Nov. 29 - Morgan Stanley priced $1.91 million of trigger contingent coupon notes due Nov. 30, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annualized rate of 6.15% if the index closes at or above the 50% barrier level on a monthly determination date.
If the index finishes at or above the barrier level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to losses.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Trigger contingent coupon notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,908,500
|
| Maturity: | Nov. 30, 2021
|
| Coupon: | 6.15% per year if index closes at or above barrier level on a monthly determination date
|
| Price: | Par
|
| Payout at maturity: | Par if index finishes at or above barrier level; otherwise, full exposure to losses
|
| Initial level: | 1,398.94
|
| Barrier level: | 699.47, 50% of initial level
|
| Pricing date: | Nov. 27
|
| Settlement date: | Nov. 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 4.5%
|
| Cusip: | 61761H608
|
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