Chicago, Sept. 29 – Morgan Stanley Finance LLC priced $500,000 of contingent income autocallable securities due Feb. 7, 2023 linked to the worst performing of the common stocks of Boeing Co., Microsoft Corp. and Visa Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12%, paid monthly, if each underlying stock closes at or above its 60% downside threshold on the related monthly observation date.
The securities will be called automatically starting May 5 at par if the price of each underlying stock is greater than or equal to its initial price on any monthly call determination date.
At maturity the payout will be par unless the worst performing stock closes below its 60% downside threshold level in which case investors will be fully exposed to the decline of the worst performing stock.
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 autocallable securities
|
| Underlying stocks: | Boeing Co., Microsoft Corp. and Visa Inc. class A
|
| Amount: | $500,000
|
| Maturity: | Feb. 7, 2023
|
| Coupon: | 12% annual rate, paid monthly, if each underlying stock closes at or above its 60% downside threshold on the related monthly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the worst performing stock closes below its downside threshold level in which case investors will be fully exposed to the decline in the worst performing stock
|
| Call: | Automatically starting May 5 at par if the price of each underlying stock is greater than or equal to its initial price on any monthly call determination date
|
| Initial levels: | $207.52 for Boeing, $313.46 for Microsoft, $235.42 for Visa
|
| Downside thresholds: | $124.512 for Boeing, $188.076 for Microsoft, $141.252 for Visa, 60% of initial levels
|
| Pricing date: | Feb. 7
|
| Settlement date: | Feb. 10
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.6%
|
| Cusip: | 61773H5T2
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
