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Morgan Stanley plans trigger PLUS due 2015 linked to two indexes, ETF
By Marisa Wong
Madison, Wis., Aug. 15 - Morgan Stanley plans to price 0% trigger Performance Leveraged Upside Securities due August 2015 linked to a basket of two indexes and an exchange-traded fund, according to an FWP with the Securities and Exchange Commission.
The basket consists of the Russell 2000 index with a 35% weight, the Euro Stoxx 50 index with a 35% weight and the Vanguard FTSE Emerging Markets ETF with a 30% weight.
The payout at maturity will be par plus 150% of any basket gain, subject to a maximum payout of $12 per $10 note.
Investors will receive par if the basket finishes above the trigger level, which will be 70% to 72% of the initial level, and will be fully exposed to any losses if the basket falls to or below the trigger level.
The notes (Cusip: 61762P617) are expected to price and settle in August.
Morgan Stanley & Co. LLC is the agent.
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