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Morgan Stanley redeems contingent income notes on Freeport-McMoRan
By Marisa Wong
Madison, Wis., Aug. 30 - Morgan Stanley gave notice that it redeemed its $11.75 million of outstanding contingent income autocallable securities due May 30, 2013 linked to the common stock of Freeport-McMoRan Copper & Gold Inc. in full on Aug. 29.
The securities (Cusip: 61755S156) were redeemed at par of $10 plus a contingent quarterly payment of $0.54375.
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