Write a MATLAB code that will create a matrix of order M N, where M denotes the number of rows and N denotes the number of columns. Each element of the matrix will be assigned a value according to the following rules:

- Given an element in row i and column j,

- if the value of i x j is odd, the element has a value of 0;

- if the value of i x j is even, then the element has a value of i x j.

- If the value of i is equal to j, then the element has a value of -1.