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Morgan Stanley plans airbag performance notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, June 11 - Morgan Stanley plans to price 0% airbag performance notes due June 30, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 235% to 250% 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 lose 2% for each 1% decline beyond 50%.
UBS Financial Services Inc. and Morgan Stanley & Co. LLC are the underwriters.
The notes will price on June 26 and settle on June 28.
The Cusip number is 61762E703.
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