By Susanna Moon
Chicago, July 10 – Morgan Stanley Finance LLC priced $3 million of 0% trigger autocallable notes due July 3, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 9.05% if the index closes at or above its initial level on any annual determination date after one year.
The payout at maturity will be par unless the index finishes below its 90% downside threshold, in which case investors will be fully exposed to any losses.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as the dealer.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Trigger autocallable notes
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| Underlying index: | S&P 500 index
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| Amount: | $3 million
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| Maturity: | July 3, 2028
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| Coupon: | 0%
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| Price: | Par of $10.00
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| Payout at maturity: | Par unless index falls by more than 10%, in which case 1% loss per 1% decline
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| Call: | At par plus 9.05% per year if index closes at or above initial level on any annual determination date beginning June 28, 2019
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| Initial level: | 2,716.31
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| Trigger level: | 2,444.68, 90% of initial level
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| Strike date | June 28
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| Pricing date: | June 29
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| Settlement date: | July 5
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| Agent: | Morgan Stanley & Co. LLC with UBS Financial Services Inc. as dealer
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| Fees: | 1%
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| Cusip: | 61768R237
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