Published on 3/1/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.14 million 7.5% callable contingent income notes on indexes
New York, March 1 – Morgan Stanley Finance LLC priced $3.14 million of callable contingent income securities due March 3, 2027 linked to the Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.5%, 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 starting Aug. 29, 2024 at par on any quarterly call date.
At maturity the payout will be par unless the worst performing index closes below its 70% 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
|
| Guarantor: | Morgan Stanley
|
| Issue: | Callable contingent income securities
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
|
| Amount: | $3,136,000
|
| Maturity: | March 3, 2027
|
| Coupon: | 7.5%, paid monthly, if each underlying index closes at or above its 70% downside threshold on the related monthly observation date
|
| Price: | Par
|
| 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
|
| Call: | Starting Aug. 29, 2024 at par on any quarterly call date
|
| Initial levels: | 39,069.23 for Dow Jones industrial average, 17,933.33 for Nasdaq-100, 2,028.968 for Russell 2000
|
| Downside threshold: | 27,348.461 for Dow Jones industrial average, 12,553.331 for Nasdaq-100, 1,420.278 for Russell 2000, 70% of initial levels
|
| Pricing date: | Feb. 26
|
| Settlement date: | Feb. 29
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.1%
|
| Cusip: | 61771WUE6
|
|
|
|
|
© 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.
