Summary by Moomoo AI
Morgan Stanley Finance LLC is offering Callable Contingent Income Securities due July 1, 2027, linked to the performance of the Utilities Select Sector SPDR Fund, SPDR S&P Regional Banking ETF, and Nasdaq-100 Technology Sector Index. The securities will pay a contingent monthly coupon at an annual rate of at least 11.15% if each underlying closes at or above 55% of its initial level on the observation date.Beginning April 1, 2025, the securities may be redeemed early based on a risk neutral valuation model. If not redeemed and held to maturity, investors will receive the principal amount if each underlying closes at or above its downside threshold level (55% of initial level) on the final observation date. Otherwise, investors will be exposed to the worst-performing underlying's negative return.The securities involve significant risks, including potential loss of principal. They do not guarantee regular interest payments and may be redeemed early, limiting potential returns. Morgan Stanley's credit risk applies to all payments on the securities.
