Published on 1/9/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.16 million 10.55% callable contingent income securities linked to Nasdaq, Russell, Stoxx
New York, Jan. 9 – Morgan Stanley Finance LLC priced $1.16 million of callable contingent income securities due Dec. 13, 2027 linked to Nasdaq-100 index, Russell 2000 index and Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.55%, paid monthly, if each underlying index closes at or above its 70% coupon barrier on the related monthly observation date.
The securities may be called starting March 13, 2024 at par and on any quarterly call date.
At maturity the payout will be par unless the worst performing index closes below its 65% 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 Euro Stoxx 50 index
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Amount: | $1,161,000
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Maturity: | Dec. 13, 2027
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Coupon: | 10.55%, paid monthly, if each underlying index closes at or above its 70% coupon barrier 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 investors will be fully exposed to the decline in the worst performing underlying index
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Call: | Starting March 13, 2024 at par and on any quarterly call date
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Initial levels: | 16,084.69 for Nasdaq-100, 1,880.817 for Russell 2000, 4,523.31 for Euro Stoxx 50
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Downside threshold: | 10,455.049 for Nasdaq-100, 1,222.531 for Russell 2000, 2,940.152 for Euro Stoxx 50, 65% of initial levels
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Coupon barriers: | 11,259.283 for Nasdaq-100 index, 1,316.572 for Russell 2000 index, 3,166.317 for Euro Stoxx 50 index, 70% of initial levels
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Pricing date: | Dec. 11
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Settlement date: | Dec. 13
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.25%
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Cusip: | 61775MX76
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