Chicago, Feb. 24 – Morgan Stanley Finance LLC priced $8.15 million of market-linked contingent income autocallable notes due Feb. 23, 2028 linked to the worst performing of the stocks of Boeing Co., Walt Disney Co. and Apple Inc., according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will pay a contingent coupon of 11% if each stock closes at or above its initial level on a monthly observation date. If any stock closes below its initial level on the observation date, investors will instead receive a 0.75% coupon.
The notes are autocallable at par starting after one year on any monthly observation date if all three stocks close above their initial levels.
If not called, the payout at maturity will be par plus the relevant coupon.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Market-linked contingent income autocallable notes
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| Underlying stocks: | Boeing Co., Walt Disney Co. and Apple Inc.
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| Amount: | $8,150,000
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| Maturity: | Feb. 23, 2028
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| Coupon: | 11% annual rate, payable monthly if each stock closes at or above initial level on relevant review date; if any stock closes below its initial level on the review date, the coupon will be 0.75%
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| Price: | Par
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| Payout at maturity: | Par plus the relevant coupon
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| Call: | Automatically at par if all stocks close above initial levels on monthly observation dates starting after one year
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| Initial levels: | $211.66 for Boeing, $105.22 for Disney, $152.55 for Apple
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| Pricing date: | Feb. 17
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| Settlement date: | Feb. 23
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.95%
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| Cusip: | 61774TSK9
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