By Marisa Wong
Madison, Wis., May 29 - Morgan Stanley priced $9.44 million of 0% trigger performance securities due May 31, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 251.9%% of the index return.
If the index return is zero or negative and the final index level is equal to or greater than the trigger level, 50% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.
Morgan Staley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
Issuer: | Morgan Stanley & Co. LLC
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Issue: | Trigger performance securities
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Underlying index: | Euro Stoxx 50
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Amount: | $9.44 million
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Maturity: | May 31, 2024
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 251.9%% of any index gain; if final index level is equal to or greater than trigger level, par; otherwise, investors will be fully exposed to decline from initial level
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Initial level: | 3,246.24
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Trigger level: | 1,623.12, 50% of initial level
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Pricing date: | May 28
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Settlement date: | May 30
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Agent: | Morgan Staley & Co. LLC with UBS Financial Services Inc. as dealer
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Fees: | 5%
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Cusip: | 61761S109
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