Published on 1/9/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $993,000 11.25% contingent income autocallables linked to Amazon, BofA
New York, Jan. 9 – Morgan Stanley Finance LLC priced $993,000 of contingent income autocallable securities due Dec. 11, 2026 linked to the common stocks of Amazon.com, Inc. and Bank of America Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.25%, paid monthly, if each underlying stock closes at or above its 70% downside threshold on the related monthly observation date.
The securities will be called automatically starting June 13, 2024 at par if each stock closes above its 85% call threshold level and on any monthly call determination date.
At maturity the payout will be par unless the worst performing stock closes below its 70% downside threshold level in which case investors will be fully exposed to the decline of the worst performing stock.
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: | Contingent income autocallable securities
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| Underlying stocks: | Amazon.com, Inc. and Bank of America Corp.
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| Amount: | $993,000
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| Maturity: | Dec. 11, 2026
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| Coupon: | 11.25%, paid monthly, if each underlying stock 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 stock closes below its downside threshold level in which case investors will be fully exposed to the decline in the worst performing stock
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| Call: | Automatically starting June 13, 2024 at par if each stock closes above call threshold and on any monthly call determination date
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| Initial levels: | $147.42 for Amazon, $30.96 for Bank of America
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| Downside thresholds: | $103.194 for Amazon, $21.672 for Bank of America, 70% of initial level
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| Call threshold: | $125.307 for Amazon, Inc., $26.316 for Bank of America Corp., 85% of initial levels
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| Pricing date: | Dec. 8
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| Settlement date: | Dec. 13
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.75%
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| Cusip: | 61775MJ49
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