New York, Dec. 14 – Morgan Stanley Finance LLC priced $1.56 million of callable contingent income securities due Dec. 16, 2025 linked to common stock of Marvell Technology, Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 13.15%, paid quarterly, if the underlying stock closes at or above its 50% downside threshold on the related quarterly observation date.
The securities may be called at par on any quarterly call date.
At maturity, the payout will be par unless the stock finishes below its 50% downside threshold, in which case investors will be fully exposed to the decline of the stock.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Callable contingent income securities
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Underlying stock: | Marvell Technology, Inc.
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Amount: | $1.56 million
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Maturity: | Dec. 16, 2025
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Coupon: | 13.15%, paid quarterly, if the underlying stock closes at or above its 50% downside threshold on the related quarterly observation date
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Price: | Par
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Payout at maturity: | Par unless the stock finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the underlying stock
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Call option: | At par on any quarterly call date
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Initial level: | $54.48
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Downside threshold: | $27.24, 50% of initial level
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Pricing date: | Dec. 11
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Settlement date: | Dec. 14
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1%
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Cusip: | 61775MV94
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