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Morgan Stanley plans trigger performance notes on Bloomberg Commodity
By Susanna Moon
Chicago, June 23 – Morgan Stanley plans to price 0% trigger performance securities due June 30, 2025 linked to the Bloomberg Commodity Index 3 Month Forward, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 202% to 212% 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 30% and will be fully exposed to any losses if the index finishes below the 70% trigger level.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
The notes will price on June 25 and settle on June 30.
The Cusip number is 61765G465.
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