By Angela McDaniels
Tacoma, Wash., June 28 - Morgan Stanley priced $1.46 million of 0% airbag performance securities due June 30, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index's return is positive, the payout at maturity will be par plus 250% of the index return.
If the index's return is zero or negative and is greater than or equal to the threshold percentage, the payout will be par. The threshold percentage is negative 50%.
If the final level is less than the threshold percentage, investors will lose 2% for every 1% that the index declines beyond 50%.
Morgan Stanley & Co. LLC is the agent, and UBS Financial Services Inc. is dealer.
Issuer: | Morgan Stanley
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Issue: | Airbag performance securities
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Underlying index: | Euro Stoxx 50
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Amount: | $1,463,000
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Maturity: | June 30, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index's return is positive, par plus 250% of index return; if index's return is zero or negative and greater than or equal to negative 50%, par; if final level is less than 50%, 2% loss for every 1% that index declines beyond 50%
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Initial index level: | 2,602.81
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Pricing date: | June 26
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Settlement date: | June 28
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Agent:: | Morgan Stanley & Co. LLC
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Dealer: | UBS Financial Services Inc.
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Fees: | 5%
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Cusip: | 61762E703
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