Summary by Moomoo AI
Morgan Stanley Finance LLC is issuing Callable Contingent Income Securities due December 23, 2027, linked to the performance of the Nasdaq-100 Technology Sector Index, Russell 2000 Index, and S&P 500 Index. The securities offer a contingent monthly coupon of at least 10.00% per annum if each index closes at or above 70% of its initial value on the observation date.Beginning June 25, 2025, the securities may be redeemed quarterly based on a risk-neutral valuation model. At maturity, if not previously redeemed, investors will receive the principal amount if each index closes at or above 70% of its initial value. Otherwise, investors will be exposed to the worst-performing index's decline.The securities involve significant risks, including potential loss of principal and no guaranteed coupons. They are priced at $1,000 per security with an estimated initial value of approximately $975.50. The offering is expected to price on December 20, 2024 and settle on December 26, 2024.
