By Angela McDaniels
Tacoma, Wash., Oct. 31 – Morgan Stanley Finance LLC priced $6.07 million of trigger autocallable contingent yield notes due Oct. 31, 2019 linked to the Stoxx Europe 600 Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
Each quarter, the notes pay a contingent coupon at an annual rate of 10% if the index closes at or above its downside threshold level, 74.6% of its initial level, on the observation date for that quarter.
Beginning April 27, 2017, the notes will be automatically called at par of $10 if the index closes at or above its initial level on any quarterly observation date other than the final one.
The payout at maturity will be par unless the index finishes below its downside threshold level, in which case investors will be fully exposed to the decline of the index.
Morgan Stanley & Co. LLC is agent, and UBS Financial Services Inc. is acting as dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger autocallable contingent yield notes
|
| Underlying index: | Stoxx Europe 600 Banks
|
| Amount: | $6,072,400
|
| Maturity: | Oct. 31, 2019
|
| Coupon: | 10%, payable quarterly if index closes at or above downside threshold on observation date for that quarter
|
| Price: | Par of $10
|
| Payout at maturity: | Par unless index finishes below downside threshold, in which case full exposure to decline of index
|
| Call: | Beginning April 27, 2017, automatically at par if index closes at or above initial level on any quarterly observation date other than final one
|
| Initial index level: | 153.98
|
| Downside threshold: | 114.87, 74.6% of initial level
|
| Pricing date: | Oct. 27
|
| Settlement date: | Oct. 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | 2%
|
| Cusip: | 61766F359
|
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