By Susanna Moon
Chicago, Jan. 5 – Morgan Stanley Finance LLC priced $1 million of contingent income autocallable securities due Jan. 3, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent semiannual coupon at an annualized rate of 6.2% if the index closes at or above the 60% coupon barrier on a determination date for that period.
The notes will be redeemed at par plus the contingent payment if the index closes at or above its initial level on any semiannual determination date.
The payout at maturity will be par unless the index finishes below the 60% downside threshold, in which case investors will be fully exposed to any losses.
The notes are guaranteed by Morgan Stanley.
The agent is Morgan Stanley & Co. LLC.
| 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 index: | Euro Stoxx 50
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| Amount: | $1 million
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| Maturity: | Jan. 3, 2023
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| Contingent payment: | 6.2% annualized, payable semiannually if index closes at or above 60% coupon barrier on determination date for that period
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon if index finishes at or above downside threshold; otherwise full exposure to any losses
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| Call: | At par plus contingent payment if index closes at or above initial level on any determination date beginning June 27, 2018
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| Initial level: | 3,550.17
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| Downside threshold: | 2,130.102, 60% of initial level
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| Pricing date: | Dec. 27
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| Settlement date: | Jan. 2
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | None
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| Cusip: | 61768CXA0
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