By Kiku Steinfeld
Chicago, Dec. 15 – Morgan Stanley Finance LLC priced $700,000 of contingent income autocallable securities due April 24, 2025 linked to the common stocks of Amazon.com, Inc. and Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 13.64%, paid quarterly, if each underlying stock closes at or above its 75% downside threshold on the related quarterly observation date.
The securities will be called automatically starting July 18 at par if the price of each underlying stock is greater than or equal to its initial price on any quarterly call determination date.
At maturity the payout will be par unless the worst performing stock closes below its 75% downside threshold level 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
|
| Guarantor: | Morgan Stanley
|
| Issue: | Contingent income autocallable securities
|
| Underlying stocks: | Amazon.com, Inc. and Apple Inc.
|
| Amount: | $700,000
|
| Maturity: | April 24, 2025
|
| Coupon: | 13.64%, paid quarterly, if each underlying stock closes at or above its 75% downside threshold on the related quarterly observation date
|
| Price: | Par
|
| 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 stock
|
| Call: | Automatically starting July 18 at par if the price of each underlying stock is greater than or equal to its initial price on any quarterly call determination date
|
| Initial levels: | $165.07 for Apple, $3,055.70 for Amazon
|
| Downside thresholds: | $123.803 for Apple, $2,291.775 for Amazon, 75% of initial level
|
| Pricing date: | April 18
|
| Settlement date: | April 21
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.75%
|
| Cusip: | 61773QJ75
|
|
|
|
|
© 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.
