By Angela McDaniels
Tacoma, Wash., Jan. 30 - Morgan Stanley priced $4.36 million of 0% airbag performance securities due Jan. 31, 2024 linked to the Russell 2000 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 130.61% of the 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 with UBS Financial Services Inc. as dealer.
| Issuer: | Morgan Stanley
|
| Issue: | Airbag performance securities
|
| Underlying index: | Russell 2000
|
| Amount: | $4.36 million
|
| Maturity: | Jan. 31, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index's return is positive, par plus 130.61% 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%
|
| Initial index level: | 1,138.24
|
| Pricing date: | Jan. 28
|
| Settlement date: | Jan. 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | 5%
|
| Cusip: | 61760S167
|
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