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Morgan Stanley to price 0% notes linked to euro/yen exchange rate
By Angela McDaniels
Seattle, Feb. 27 - Morgan Stanley plans to price an offering of zero-coupon capital-protected notes due March 16, 2009 linked to the euro/yen exchange rate, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to price and settle in March.
The payout at maturity will be par plus any increase in the exchange rate multiplied by the participation rate, which is expected to be 75% to 85% and will be determined at pricing. Investors will receive at least par.
Morgan Stanley & Co. Inc. will be the agent and will receive a 2% commission.
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