New York, May 2 – Morgan Stanley Finance LLC priced $2.44 million of contingent income buffered autocallable securities due May 1, 2029 linked to the S&P U.S. Equity Momentum 40% VT 4% Decrement index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.75%, paid monthly, if the underlying index closes at or above its 65% coupon barrier on the related monthly observation date.
The securities will be called automatically at par if the closing level of the underlying index is greater than or equal to its initial level on any monthly call determination date starting May 1, 2025.
At maturity, the payout will be par unless the index declines by more than 15%, in which case investors will lose 1% for each 1% that the index declines beyond 15%.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Contingent income buffered autocallable securities
|
| Underlying index: | S&P U.S. Equity Momentum 40% VT 4% Decrement index
|
| Amount: | $2,435,000
|
| Maturity: | May 1, 2029
|
| Coupon: | 11.75%, paid monthly, if the underlying index closes at or above its 65% coupon barrier on the related monthly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the index declines by more than 15%, in which case investors will lose 1% for each 1% that the index declines beyond 15%
|
| Call: | Automatically at par if the closing level of the underlying index is greater than or equal to its initial level on any monthly call determination date starting May 1, 2025
|
| Initial level: | 988.90
|
| Buffer: | 15%
|
| Buffer level: | 840.565, 85% of initial level
|
| Coupon barrier: | 642.785, 65% of initial level
|
| Pricing date: | April 26
|
| Settlement date: | April 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.75%
|
| Cusip: | 61776LWZ6
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
