By Kiku Steinfeld
Chicago, June 10 – Morgan Stanley Finance LLC priced $470,000 of 7.75% fixed-coupon autocallable securities due June 10, 2022 linked to the American depository shares of Wynn Resorts, Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
After six months, the notes will be called at par if the stock closes at or above its initial level on any monthly determination date other than the final one.
If the stock’s final level is at least 69% of its initial level, the payout at maturity will be par plus the coupon.
If the stock finishes below 69% of its initial level, investors will be fully exposed to the decline.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Fixed-coupon autocallable securities
|
| Underlying stock: | Wynn Resorts, Ltd.
|
| Amount: | $470,000
|
| Maturity: | June 10, 2022
|
| Coupon: | 7.75%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless stock finishes below its downside threshold level, in which case full exposure to decline
|
| Call: | After six months, automatically at par plus coupon if stock closes at above its initial level on any monthly determination date other than final one
|
| Initial level: | $126.29
|
| Downside threshold: | $87.140, 69% of initial price
|
| Pricing date: | May 7
|
| Settlement date: | May 12
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.5%
|
| Cusip: | 61771VH37
|
|
|
© 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.
