By Sarah Lizee
Olympia, Wash., June 11 – Morgan Stanley Finance LLC priced $1.65 million of 0% autocallable securities due Dec. 11, 2019 linked to the West Texas Intermediate Light Sweet Crude Oil Futures Contracts, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will be automatically called at par plus 2.5% if the commodity price is at or above the initial price on Sept. 9, 2019.
If the commodity finishes at or above the initial price, the payout at maturity will be par plus 5%.
If the commodity falls by up to 40%, the payout at maturity will be par.
Otherwise, investors will lose 1% for each 1% decline of the commodity from its initial price.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Autocallable securities
|
| Underlying commodity: | West Texas Intermediate Light Sweet Crude Oil Futures Contracts
|
| Amount: | $1.65 million
|
| Maturity: | Dec. 11, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 5% if commodity finishes at or above its initial level; if commodity falls by up to 40%, par; otherwise, investors will lose 1% for each 1% decline
|
| Call: | Automatically at par plus 2.5% if commodity price is at or above initial price on Sept. 9, 2019
|
| Initial price: | $53.99
|
| Downside threshold: | $32.394; 60% of initial level
|
| Pricing date: | June 7
|
| Settlement date: | June 11
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.75%
|
| Cusip: | 61766YDZ1
|
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