By Marisa Wong
Madison, Wis., Jan. 30 - Morgan Stanley priced $1.79 million of 0% airbag performance securities due Jan. 31, 2024 linked to the Dow Jones industrial average, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 153.35% of any index gain.
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 the dealer.
Issuer: | Morgan Stanley
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Issue: | Airbag performance securities
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Underlying index: | Dow Jones industrial average
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Amount: | $1,793,000
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Maturity date: | Jan. 31, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 153.35% of any index gain; par if index falls by up to 50% trigger level; otherwise, 2% loss for every 1% decline beyond 50%
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Initial index level: | 15,928.56
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Pricing date: | Jan. 28
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Settlement date: | Jan. 31
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Agent: | Morgan Stanley & Co. LLC
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Dealer: | UBS Financial Services Inc.
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Fees: | 5%
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Cusip: | 61762W844
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