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Published on 4/19/2024 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $2.73 million callable contingent income securities on indexes

New York, April 19 – Morgan Stanley Finance LLC priced $2.73 million of callable contingent income securities due Jan. 2, 2026 linked to the Nasdaq-100 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 9.25%, paid quarterly, if each underlying index closes at or above its 70% 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 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
Guarantor:Morgan Stanley
Issue:Callable contingent income securities
Underlying indexes:Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
Amount:$2,729,000
Maturity:Jan. 2, 2026
Coupon:9.25%, paid quarterly, if each underlying index closes at or above its 70% downside threshold on the related quarterly 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 option:At par on any quarterly call date
Initial levels:39,807.37 for Dow Jones industrial average, 18,254.69 for Nasdaq-100, 2,124.547 for Russell 2000
Downside thresholds:27,865.159 for Dow Jones industrial average, 12,778.283 for Nasdaq-100, 1,487.183 for Russell 2000, 70% of initial levels
Pricing date:March 28
Settlement date:April 3
Agent:Morgan Stanley & Co. LLC
Fees:0.5%
Cusip:61771WZ35

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