Published on 12/13/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4.21 million callable contingent income securities on indexes, ETF
New York, Dec. 13 – Morgan Stanley Finance LLC priced $4.21 million of callable contingent income securities due Dec. 4, 2025 linked to the MSCI Emerging Markets index, the Energy Select Sector SPDR Fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.75%, paid quarterly, if each underlier closes at or above its 65% downside threshold on the related quarterly observation date.
The securities may be called at par on any quarterly call date starting June 6, 2024.
At maturity, the payout will be par unless the worst performing asset finishes below its 65% downside threshold, in which case investors will be fully exposed to the decline of the worst performing asset.
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 assets: | MSCI Emerging Markets index, Energy Select Sector SPDR Fund and Euro Stoxx 50 index
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| Amount: | $4,207,000
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| Maturity: | Dec. 4, 2025
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| Coupon: | 10.75%, paid quarterly, if each underlier closes at or above its 65% downside threshold on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing asset finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the worst performing underlying asset
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| Call option: | At par on any quarterly call date starting June 6, 2024
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| Initial levels: | 982.14 for MSCI Emerging Markets, 4,418.51 for Euro Stoxx 50, $85.02 for Energy Select Sector SPDR Fund
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| Downside thresholds: | 638.391 for MSCI Emerging Markets, 2,872.032 for Euro Stoxx 50, $55.263 for Energy Select Sector SPDR Fund, 65% of initial levels
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| Pricing date: | Dec. 1
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| Settlement date: | Dec. 6
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.75%
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| Cusip: | 61775M2E5
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