The MSCI Euro 50 Select 4.75 Decrement index delivered the highest payout in August among single-index structures via a growth product ( Autocall Daily by TWSP ), issued and sold by Morgan Stanley in France in 2016. The 2.5-year Luxembourg Stock Exchange-listed note, which had a knockout/protected tracker payoff profile, activated the early maturity trigger on the first annual observation date paying out 107.75% return. The MSCI Euro 50 Select 4.75 Decrement is based on MSCI EMU Index, its pare

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