Kiku Steinfeld
Chicago, May 3 – Morgan Stanley Finance LLC priced $1.4 million of contingent income autocallable securities due Oct. 3, 2024 linked to fuboTV Inc. and Moderna, Inc. common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 29% per year, paid monthly, if each underlying stock closes at or above its 60% coupon barrier on the related monthly observation date.
The securities will be called automatically at par if the price of each underlying stock is greater than or equal to 85% of its initial price on any monthly call determination date after three months.
At maturity the payout will be par unless the worst performing stock closes below its 50% downside threshold in which case investors will be fully exposed to the decline of the worst performing 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 stocks: | fuboTV Inc. and Moderna, Inc.
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| Amount: | $1.4 million
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| Maturity: | Oct. 3, 2024
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| Coupon: | 29%, paid monthly, if each underlying stock closes at or above its 60% coupon barrier on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing stock closes below its downside threshold level in which case investors will be fully exposed to the decline in the worst performing underlying stock
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| Call: | Automatically at par if the price of each underlying stock is greater than or equal to 85% of its initial price on any monthly call determination date after three months
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| Initial levels: | $22.89 for fuboTV, $378.90 for Moderna
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| Downside thresholds: | $11.445 for fuboTV, $189.45 for Moderna, 50% of initial levels
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| Coupon barriers: | $13.734 for fuboTV, $227.34 for Moderna, 60% of the initial levels
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| Pricing date: | Sept. 29, 2021
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| Settlement date: | Oct. 4, 2021
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.5%
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| Cusip: | 61773FN33
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