By Wendy Van Sickle
Columbus, Ohio, May 31 – Morgan Stanley Finance LLC priced $5.12 million of contingent income autocallable securities due May 31, 2019 linked to the common stock of Wynn Resorts, Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will pay a contingent quarterly coupon at an annual rate of 12.4% if the underlying stock closes at or above its 75% downside threshold on the determination date that quarter.
The notes will be called at par if the stock closes at or above its initial level on any of the first three determination dates.
The payout at maturity will be par unless the stock finishes below its 75% downside threshold, in which case investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent with distribution through Morgan Stanley Wealth Management.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Contingent income autocallable securities
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| Underlying stock: | Wynn Resorts, Ltd
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| Amount: | $5,120,170
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| Maturity: | May 31, 2019
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| Coupon: | 12.4% annualized, payable quarterly if stock closes at or above downside threshold on determination date for that quarter
|
| Price: | Par
|
| Payout at maturity: | If stock finishes at or above downside threshold, par; otherwise, full exposure to losses
|
| Call: | At par if stock closes at or above initial level on any of first three determination dates
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| Initial price: | $194.21
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| Downside threshold: | $145.658, 75% of initial price
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| Pricing date: | May 25
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| Settlement date: | May 31
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| Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management as a distributor
|
| Fees: | 1.75%
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| Cusip: | 61768Q486
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