By Marisa Wong
Morgantown, W.Va., Jan. 5 – Morgan Stanley Finance LLC priced $6.07 million of autocallable securities due Jan. 3, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will be redeemed at par plus an annual call premium of 8.85% if the index closes at or above the initial index level on any of the first four annual determination dates.
If the index finishes at or above its initial level, the payout at maturity will be $14.425 per $10 note.
Investors will receive par if the index falls by up to 15% and will be fully exposed to losses if the index falls beyond 15%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Autocallable securities
|
| Underlying index: | Russell 2000
|
| Amount: | $6,071,270
|
| Maturity: | Jan. 3, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If final index level is greater than or equal to initial level, $14.425; par if index falls by up to 15%; full exposure to losses if index falls beyond 15%
|
| Call: | Automatically at par plus call premium of 8.85% per year if index closes at or above initial index level on any of the first four annual determination dates
|
| Initial level: | 1,363.177
|
| Threshold level: | 1,158.700, 85% of initial level
|
| Pricing date: | Dec. 29
|
| Settlement date: | Jan. 4
|
| Underwriter: | Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 61766F714
|
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