New York, March 24 – Morgan Stanley Finance LLC priced $3.62 million of contingent income autocallable securities due March 21, 2025 linked the class A common stock of Mastercard Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.55%, paid quarterly, if the underlying stock closes at or above its 65% downside threshold on the related quarterly observation date.
The securities will be called automatically starting June 21 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent quarterly review date.
At maturity the payout will be par unless the stock closes below its 65% downside threshold in which case investors will be fully exposed to the decline of the stock.
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: | Contingent income autocallable securities
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| Underlying stock: | Mastercard Inc.
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| Amount: | $3,615,000
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| Maturity: | March 21, 2025
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| Coupon: | 10.55%, paid quarterly, if the underlying stock closes at or above its 65% downside threshold on the related quarterly observation date
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| Price: | Par of $10
|
| Payout at maturity: | Par unless the stock closes below its downside threshold level in which case investors will be fully exposed to the decline in the underlying stock
|
| Call: | Automatically starting June 21 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent quarterly review date
|
| Initial level: | $350.09
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| Downside threshold: | $227.559, 65% of initial level
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| Pricing date: | March 18
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| Settlement date: | March 23
|
| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.5% including a structuring fee of 0.5%
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| Cusip: | 61773Y151
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