Summary by Moomoo AI
Morgan Stanley Finance LLC has issued $220,000 in Market-Linked Notes due December 21, 2029, linked to the performance of the Dow Jones Industrial Average and S&P 500 Index. The notes offer 150% participation in the positive performance of the worst-performing index, capped at a maximum payment of 133.50% of the principal amount at maturity.The notes will pay no interest and the payment at maturity will be based on the value of the worst-performing index on the determination date. Investors will receive the $1,000 principal amount plus a potential supplemental redemption amount, subject to the maximum payment. The notes are designed for investors seeking equity index-based returns with principal protection, willing to forgo current income and upside beyond the cap.Morgan Stanley & Co. LLC will act as calculation agent. The notes' estimated value on the pricing date is $928.40 per note, below the issue price of $1,000, reflecting costs and Morgan Stanley's use of a lower internal funding rate.
