Published on 10/18/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.39 million callable contingent income securities on indexes
New York, Oct. 18 – Morgan Stanley Finance LLC priced $1.39 million of callable contingent income securities due Oct. 16, 2025 linked to the Nasdaq-100 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.25%, 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 at par on any quarterly call date.
At maturity, the payout will be par unless the worst performing index finishes below its 60% 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: | $1,388,000
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| Maturity: | Oct. 16, 2025
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| Coupon: | 10.25%, 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 option: | At par on any quarterly call date
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| Initial levels: | 33,670.29 for Dow Jones industrial average, 14,995.12 for Nasdaq-100, 1,719.711 for Russell 2000
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| Downside threshold: | 20,202.174 for Dow Jones industrial average, 8,997.072 for Nasdaq-100, 1,031.827 for Russell 2000, 60% of initial levels
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| Coupon barriers: | 23,569.203 for Dow Jones industrial average, 10,496.584 for Nasdaq-100, 1,203.798 for Russell 2000, 70% of initial levels
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| Pricing date: | Oct. 13
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| Settlement date: | Oct. 18
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.7%
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| Cusip: | 61775MHV1
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