Chicago, June 8 – Morgan Stanley Finance LLC priced $1.02 million of contingent income buffered autocallable securities due Aug. 28, 2024 linked to the worst performing of the VanEck Vectors Oil Services ETF and VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10%, paid monthly, if each underlying fund closes at or above its 80% coupon barrier on the related monthly observation date.
The securities will be called automatically starting May 26, 2022 at par if the price of each underlying fund is greater than or equal to its initial price on any quarterly call determination date.
At maturity the payout will be par unless each fund declines by more than its 20% buffer in which case investors will be exposed to the decline of the worst performing fund beyond the buffer.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Contingent income buffered autocallable securities
|
| Underlying ETFs: | VanEck Vectors Oil Services ETF and VanEck Vectors Gold Miners ETF
|
| Amount: | $1,019,000
|
| Maturity: | Aug. 28, 2024
|
| Coupon: | 10% annual rate, paid monthly, if each underlying fund closes at or above its 80% coupon barrier on the related monthly observation date
|
| Price: | Par
|
| Payout at maturity: | Par if the worst performing fund gains or loses no more than its 20% buffer, otherwise investors will be exposed to the decline in the worst performing fund beyond the buffer
|
| Call: | Automatically starting May 26, 2022 at par if the price of each underlying fund is greater than or equal to its initial price on any quarterly call determination date
|
| Initial levels: | $32.50 for Gold, $192.31 for Oil
|
| Buffer: | 20%
|
| Coupon barrier: | $26.00 for Gold, $153.848 for Oil, 80% of the initial levels
|
| Pricing date: | Nov. 23, 2021
|
| Settlement date: | Nov. 29, 2021
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 61773HGT0
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
