By Susanna Moon
Chicago, March 13 – Morgan Stanley Finance LLC priced $3.68 million of contingent income autocallable securities due Feb. 26, 2021 linked to the least performing of the common stocks of Amazon.com, Inc. Western Digital Corp. and Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 10.1% if each stock closes at or above its 50% coupon barrier on the determination date that month.
The notes will be called at par if each stock closes at or above its initial level on any call review date after six months.
The payout at maturity will be par unless any stock finishes below its 50% downside threshold, in which case investors will be fully exposed to any losses of the worst performing stock.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent with distribution through Morgan Stanley Wealth Management.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Contingent income autocallable securities
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| Underlying indexes: | Amazon.com, Inc. (Symbol: AMZN), Western Digital Corp. (Symbol: WDC) and Boeing Co. (Symbol: BA)
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| Amount: | $3,683,000
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| Maturity: | Feb. 26, 2021
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| Coupon: | 10.1% annualized, payable monthly if each stock closes at or above 50% coupon barrier on determination date for that month
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| Price: | Par
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| Payout at maturity: | If each stock finishes at or above downside threshold, par; otherwise, 1% loss for each 1% decline of worst performing stock
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| Call: | At par if each stock closes at or above its initial level on any quarterly call date beginning Aug. 28, 2018
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| Initial levels: | $1,500 for Amazon, $89.14 for Western Digital and $356.66 for Boeing
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| Downside thresholds: | $750.00 for Amazon, $44.57 for Western Digital and $178.33 for Boeing; 50% of initial levels
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
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| Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management as a distributor
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| Fees: | 3.35%
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| Cusip: | 61768CC96
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