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Morgan Stanley plans airbag performance notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, Nov. 1 - Morgan Stanley plans to price 0% airbag performance securities due Nov. 30, 2023 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus between 185% and 205% of any index gain, with the exact participation rate to be set at pricing.
If the index falls by up to the 50% trigger level, the payout will be par.
Otherwise, investors will lose 2% for every 1% decline beyond 50%.
Morgan Stanley & Co. LLC is the agent, and UBS Financial Services Inc. is dealer.
The notes will price on Nov. 26 and settle in Nov. 29.
The Cusip number is 61762W463.
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