New Issue: Morgan Stanley prices $5.3 million airbag performance notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., March 31 – Morgan Stanley priced $5.3 million of 0% airbag performance securities due March 31, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 165% of the index return. If the index return is zero or negative but not less than negative 50%, the payout will be par. Otherwise, investors will lose 2% for every 1% that the index declines beyond 50%.

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

Issuer:	Morgan Stanley
Issue:	Airbag performance securities
Underlying index:	Euro Stoxx 50
Amount:	$5,299,000
Maturity:	March 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 165% of index return; if index return is zero or negative but not less than negative 50%, par; otherwise, 2% loss for every 1% that index declines beyond 50%
Initial index level:	3,679.03
Pricing date:	March 27
Settlement date:	March 31
Agent:	Morgan Stanley & Co. LLC
Dealer:	UBS Financial Services Inc.
Fees:	5%
Cusip:	61764V513

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