New Issue: Morgan Stanley prices $5.22 million airbag performance securities on Euro Stoxx 50

By Jennifer Chiou

New York, Feb. 26 – Morgan Stanley priced $5,215,000 of 0% airbag performance securities due Feb. 28, 2025 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 155.1% of any index gain.

If the index falls by up to 50%, the payout will be par. If the index falls by more than 50%, investors will be exposed to losses at a rate of 2% per 1% decline beyond the threshold percentage.

Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is the dealer.

Issuer:	Morgan Stanley
Issue:	Airbag performance securities
Underlying index:	Euro Stoxx 50
Amount:	$5,215,000
Maturity:	Feb. 28, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 155.1% of any index gain; if index falls by up to 50%, par; otherwise, exposure to losses at a rate of 2% per 1% decline beyond the threshold percentage
Initial level:	3,541.78
Threshold percentage:	50% of initial level
Pricing date:	Feb. 25
Settlement date:	Feb. 27
Agent:	Morgan Stanley & Co. LLC
Dealer:	UBS Financial Services Inc.
Fees:	5%
Cusip:	61764V307

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