By Marisa Wong
Morgantown, W.Va., Sept. 6 – Morgan Stanley Finance LLC priced $3.33 million of 0% autocallable securities due Sept. 5, 2019 linked to the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will be called at par plus a premium of 10.25% a year if the fund closes at or above the threshold price, 90% of the initial price, on any of the first 11 quarterly determination dates.
If the fund finishes at or above the threshold price, the payout at maturity will be $13.075 per $10 note. Otherwise, investors will be fully exposed to the fund’s decline.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Autocallable securities
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| Underlying fund: | Market Vectors Gold Miners ETF
|
| Amount: | $3,325,000
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| Maturity: | Sept. 5, 2019
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the fund finishes at or above the threshold price, $13.075; otherwise, investors will be fully exposed to the fund’s decline
|
| Call: | At par plus 10.25% per year if index closes at or above threshold price on any of the first 11 quarterly determination dates
|
| Starting price: | $25.45
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| Threshold price: | $22.905, 90% of initial price
|
| Pricing date: | Aug. 31
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| Settlement date: | Sept. 6
|
| Underwriter: | Morgan Stanley & Co. LLC
|
| Fees: | 2.5%
|
| Cusip: | 61766F144
|
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