Published on 2/6/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.01 million contingent income autocallables on two indexes
New York, Feb. 6 – Morgan Stanley Finance LLC priced $1.01 million of contingent income autocallable securities due Jan. 29, 2026 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.4%, paid monthly, if each underlying index closes at or above its 80% downside threshold on the related monthly observation date.
The securities will be called automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any monthly call determination date starting July 24, 2024.
At maturity, the payout will be par unless the worst performing index finishes below its 80% downside threshold level, in which case investors will be fully exposed to the decline of the worst performing index.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Contingent income autocallable securities
|
| Underlying indexes: | S&P 500 index and Russell 2000 index
|
| Amount: | $1,008,000
|
| Maturity: | Jan. 29, 2026
|
| Coupon: | 8.4%, paid monthly, if each underlying index closes at or above its 80% downside threshold on the related monthly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the worst performing index finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the worst performing index
|
| Call: | Automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any monthly call determination date starting July 24, 2024
|
| Initial levels: | 1,961.865 for Russell 2000, 4,868.55 for S&P 500
|
| Downside thresholds: | 1,569.492 for Russell 2000, 3,894.84 for S&P 500, 80% of initial levels
|
| Pricing date: | Jan. 24
|
| Settlement date: | Jan. 29
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.15%
|
| Cusip: | 61771WQZ4
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
