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Morgan Stanley plans trigger performance securities tied to S&P 500
By Toni Weeks
San Luis Obispo, Calif., Jan. 5 – Morgan Stanley plans to price 0% trigger performance securities due Jan. 31, 2025 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 138% to 158% of any index gain, with the exact participation rate to be set at pricing.
Investors will receive par if the index falls by up to 50% and will be fully exposed to any losses if the index finishes below the 50% trigger level.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
The notes will price Jan. 27 and settle Jan. 30.
The Cusip number is 61764M588.
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