By Angela McDaniels
Tacoma, Wash., April 27 - Morgan Stanley priced $17.05 million of non-callable contingent coupon notes due April 30, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly. The interest rate is 8% per year but only if the index closes at or above 850 on the observation date for that month. Otherwise, no interest will be paid that month.
The payout at maturity will be par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Non-callable contingent coupon notes
|
| Underlying index: | S&P 500
|
| Amount: | $17,054,000
|
| Maturity: | April 30, 2027
|
| Coupon: | 8% per year if index closes at or above 850 on observation date for that month; otherwise, no interest will be paid that month
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 617482K29
|
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