By Kiku Steinfeld
Chicago, Oct. 26 – Morgan Stanley Finance LLC priced $5.97 million of 6.5% fixed-income buffered autocallable securities due April 22, 2022 linked to the lowest performing of the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable semiannually.
The notes will be automatically called at par if each index closes at or above its initial level on any semiannual call date.
If each index finishes at or above the 80% buffer level, the payout will be par.
Otherwise, investors will lose 1.25% for each 1% decline of the least performing index beyond the buffer.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Fixed-income buffered autocallable securities
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Underlying indexes: | Nasdaq-100 index and S&P 500 index
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Amount: | $5,972,000
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Maturity: | April 22, 2022
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Coupon: | 6.5%, payable semiannually
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Price: | Par
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Payout at maturity: | Par unless either index falls by more than 20%, in which case 1.25% loss for each 1% decline of worse-performing index beyond 20%
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Call: | Notes will be automatically called at par if each index closes at or above its initial level on any semiannual call date
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Initial levels: | 3,426.92 for S&P, 11,634.35 for Nasdaq
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Buffer levels: | 2,741.536 for S&P, 9,307.40 for Nasdaq; 80% of initial levels
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Pricing date: | Oct. 20
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Settlement date: | Oct. 23
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.5%
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Cusip: | 61771EDJ4
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