Published on 3/28/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $6.7 million callable contingent income securities on indexes
New York, March 28 – Morgan Stanley Finance LLC priced $6.70 million of callable contingent income securities due March 26, 2026 linked to the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.3%, paid quarterly, if each underlying index 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.
At maturity, the payout will be par unless the worst performing index finishes below its 65% downside threshold, 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
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| Guarantor: | Morgan Stanley
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| Issue: | Callable contingent income securities
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| Underlying indexes: | S&P 500 index, Russell 2000 index and Nasdaq-100 index
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| Amount: | $6,695,000
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| Maturity: | March 26, 2026
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| Coupon: | 8.3%, paid quarterly, if each underlying index 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 index finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the worst performing index
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| Call option: | At par on any quarterly call date
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| Initial levels: | 18,339.44 for Nasdaq-100, 2,071.998 for Russell 2000, 5,234.18 for S&P 500
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| Downside thresholds: | 11,920.636 for Nasdaq-100, 1,346.799 for Russell 2000, 3,402.217 for S&P 500, 65% of initial levels
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| Pricing date: | March 22
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| Settlement date: | March 27
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2%
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| Cusip: | 61776LGJ0
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