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Morgan Stanley plans PLUS tied to Financial Select Sector SPDR fund
By Wendy Van Sickle
Columbus, Ohio, June 15 – Morgan Stanley Finance LLC plans to price 0% Performance Leveraged Upside Securities due Oct. 4, 2017 linked to the Financial Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus triple any index gain, up to a maximum return of 16.65%.
Investors will be fully exposed to any loss in the index.
Morgan Stanley & Co. LLC is the agent.
The notes will price on June 30 settle on July 6.
The Cusip number is 61766A418.
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