share_log

424B2: Prospectus

424B2: Prospectus

424B2:募資說明書
美股SEC公告 ·  2024/12/20 20:55

牛牛AI助理已提取核心訊息

Morgan Stanley Finance LLC is offering Callable Contingent Income Buffered Securities due November 29, 2027, linked to the worst-performing of the Utilities Select Sector SPDR Fund, Russell 2000 Futures Excess Return Index, and S&P 500 Futures Excess Return Index. The securities will pay a contingent monthly coupon at an annual rate of at least 11.60% if each underlying closes at or above 75% of its initial level on the observation date.Beginning March 27, 2025, the securities may be redeemed early based on a risk neutral valuation model. At maturity, if not redeemed early, investors will receive the principal amount unless any underlying has declined by more than 25% from its initial level. In that case, investors will lose 1.3333% for every 1% decline in the worst-performing underlying beyond 25%.The securities involve significant risks, including potential loss of principal. They do not guarantee regular interest payments and limit upside participation. Morgan Stanley's credit risk applies. The estimated value on the pricing date will be less than the issue price.
Morgan Stanley Finance LLC is offering Callable Contingent Income Buffered Securities due November 29, 2027, linked to the worst-performing of the Utilities Select Sector SPDR Fund, Russell 2000 Futures Excess Return Index, and S&P 500 Futures Excess Return Index. The securities will pay a contingent monthly coupon at an annual rate of at least 11.60% if each underlying closes at or above 75% of its initial level on the observation date.Beginning March 27, 2025, the securities may be redeemed early based on a risk neutral valuation model. At maturity, if not redeemed early, investors will receive the principal amount unless any underlying has declined by more than 25% from its initial level. In that case, investors will lose 1.3333% for every 1% decline in the worst-performing underlying beyond 25%.The securities involve significant risks, including potential loss of principal. They do not guarantee regular interest payments and limit upside participation. Morgan Stanley's credit risk applies. The estimated value on the pricing date will be less than the issue price.
摩根士丹利金融有限公司正在提供到期日爲2027年11月29日的可贖回有條件收入緩衝證券,這些證券與公用事業精選行業指數ETF-SPDR、羅素2000期貨超額收益指數和S&P 500期貨超額收益指數中表現最差者相關聯。如果每個基礎資產在觀察日的收盤價達到或高於其初始水平的75%,這些證券將支付年利率至少爲11.60%的有條件月息。從2025年3月27日起,這些證券可以根據風險中立估值模型提前贖回。在到期時,如果沒有提前贖回,投資者將收到本金金額,除非任何基礎資產從其初始水平下跌超過25%。在這種情況下,投資者將因最差基礎資產超過25%的每1%下跌而損失1.3333%。這些證券涉及重大風險,包括潛在的本金損失。它們不保證定期利息支付,並限制上行參與。摩根士丹利的信用風險適用。定價日的估算價值將低於發行價格。
摩根士丹利金融有限公司正在提供到期日爲2027年11月29日的可贖回有條件收入緩衝證券,這些證券與公用事業精選行業指數ETF-SPDR、羅素2000期貨超額收益指數和S&P 500期貨超額收益指數中表現最差者相關聯。如果每個基礎資產在觀察日的收盤價達到或高於其初始水平的75%,這些證券將支付年利率至少爲11.60%的有條件月息。從2025年3月27日起,這些證券可以根據風險中立估值模型提前贖回。在到期時,如果沒有提前贖回,投資者將收到本金金額,除非任何基礎資產從其初始水平下跌超過25%。在這種情況下,投資者將因最差基礎資產超過25%的每1%下跌而損失1.3333%。這些證券涉及重大風險,包括潛在的本金損失。它們不保證定期利息支付,並限制上行參與。摩根士丹利的信用風險適用。定價日的估算價值將低於發行價格。

譯文內容由第三人軟體翻譯。


牛牛AI助手部分由第三方人工智慧模型基於資訊內容自動產生。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。

    聲明

    本頁的譯文內容由軟件翻譯。富途將竭力但卻不能保證翻譯內容之準確和可靠,亦不會承擔因任何不準確或遺漏而引起的任何損失或損害。