Published on 3/20/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.43 million callable contingent income securities on indexes
New York, March 20 – Morgan Stanley Finance LLC priced $1.43 million of callable contingent income securities due March 11, 2027 linked to the Nasdaq-100 Technology Sector index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9%, paid monthly, if each underlying index closes at or above its 70% downside threshold 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 70% 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: | Nasdaq-100 Technology Sector index, Russell 2000 index and S&P 500 index
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| Amount: | $1,431,000
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| Maturity: | March 11, 2027
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| Coupon: | 9%, paid monthly, if each underlying index closes at or above its 70% downside threshold 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 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: | 10,415.33 for Nasdaq-100 Technology Sector, 2,082.713 for Russell 2000, 5,123.69 for S&P 500
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| Downside thresholds: | 7,290.731 for Nasdaq-100 Technology Sector, 1,457.899 for Russell 2000, 3,586.583 for S&P 500, 70% of initial levels
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| Pricing date: | March 8
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| Settlement date: | March 13
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.5%
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| Cusip: | 61771W5V6
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