New Issue: Morgan Stanley prices $2.2 million airbag performance notes on S&P 500

By Susanna Moon

Chicago, Sept. 30 – Morgan Stanley priced $2.2 million of 0% airbag performance securities due Sept. 28, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 112% of any index gain.

Investors will receive par if the index falls by up to 25% and will lose 1.3333% for every 1% decline beyond 25%.

Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.

Issuer:	Morgan Stanley
Issue:	Airbag performance securities
Underlying index:	S&P 500 index
Amount:	$2,202,000
Maturity:	Sept. 28, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 112% of any index gain; par if index falls by up to 25%; 1.3333% loss per 1% decline beyond 25%
Initial index level:	1,965.99
Barrier level:	75% of initial level
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	Morgan Stanley & Co. LLC
Dealer:	UBS Financial Services Inc.
Fees:	None
Cusip:	61758S690

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