New York, Feb. 16 – Morgan Stanley Finance LLC priced $1.3 million of callable contingent income securities due Feb. 20, 2024 linked to common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12.8%, paid quarterly, if the underlying stock closes at or above its 60% downside threshold on the related quarterly observation date.
The securities may be called at par on any quarterly call determination date.
At maturity, the payout will be par unless the stock finishes below its 60% 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: | Callable contingent income securities
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| Underlying stock: | Amazon.com, Inc.
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| Amount: | $1,298,000
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| Maturity: | Feb. 20, 2024
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| Coupon: | 12.8%, paid quarterly, if the underlying stock closes at or above its 60% downside threshold on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the stock finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the underlying stock
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| Call option: | At par on any quarterly call determination date
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| Initial level: | $97.61
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| Downside threshold: | $58.566, 60% of initial level
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| Pricing date: | Feb. 10
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| Settlement date: | Feb. 15
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1%
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| Cusip: | 61774TZS4
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