Published on 11/30/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.41 million 10.1% callable contingent income securities on indexes
New York, Nov. 30 – Morgan Stanley Finance LLC priced $1.41 million of callable contingent income securities due Dec. 3, 2025 linked to Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.1%, paid monthly, if each underlying index closes at or above its 70% downside threshold on the related monthly observation date.
The securities may be called starting March 1, 2024 at par on any quarterly call date.
At maturity the payout will be par unless the worst performing index closes below its 70% downside threshold in which case investors will be fully exposed to the decline of that index.
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 indexes: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
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Amount: | $1,406,000
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Maturity: | Dec. 3, 2025
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Coupon: | 10.1%, paid monthly, if each underlying index closes at or above its 70% downside threshold on the related monthly observation date
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Price: | Par
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Payout at maturity: | Par unless the worst performing index closes below its downside threshold level in which case full exposure to decline in worst performing underlying index
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Call: | Starting March 1, 2024 at par on any quarterly call date
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Initial levels: | 35,333.47 for Dow Jones industrial average, 15,961.98 for Nasdaq-100, 1,801.154 for Russell 2000
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Downside threshold: | 24,733.429 for Dow Jones industrial average, 11,173.386 for Nasdaq-100, 1,260.808 for Russell 2000, 70% of initial levels
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Pricing date: | Nov. 27
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Settlement date: | Nov. 30
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.7%
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Cusip: | 61775MB47
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