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Morgan Stanley plans buffered return notes due 2015 linked to palladium
By Susanna Moon
Chicago, Nov. 13 – Morgan Stanley plans to price 0% buffered return enhanced notes due Dec. 9, 2015 linked to the performance of palladium, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 116.30% of any gain in the price of palladium, up to a maximum of $1,163 per $1,000 principal amount.
Investors will receive par if the price of palladium falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Nov. 20 and settle on Nov. 25.
The Cusip number is 61762GCM4.
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