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Morgan Stanley plans 17- to 20-month digital notes tied to Stoxx 50
By Sarah Lizee
Olympia, Wash., Oct. 10 – Morgan Stanley Finance LLC plans to price 0% digital notes due in 17 to 20 months linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is greater than 87.5% of its initial level, the payout at maturity will be the maximum settlement amount of par plus 11.65% to 13.66%.
Otherwise, investors will lose 1.1429% for each 1% decline beyond the buffer.
Morgan Stanley & Co. LLC is the agent.
The Cusip number is 61768DHN8.
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