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Morgan Stanley plans 4.25% fixed-income buffered notes on S&P 500
By Sarah Lizee
Olympia, Wash., Oct. 22 – Morgan Stanley Finance LLC plans to sell 4.25% fixed-income buffered securities due Oct. 31, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be paid quarterly.
At maturity, the payout will be par unless the index declines by more than 15%, in which case investors will be exposed to losses beyond the 15% buffer.
The notes will be guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Oct. 26 and settle on Oct. 31.
The Cusip is 61768DJL0.
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