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Morgan Stanley plans to price PLUS linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., Sept. 24 - Morgan Stanley plans to price 0% Performance Leveraged Upside Securities due Nov. 26, 2010 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum return of 13% to 18% that will be set at pricing. Investors will be fully exposed to any index decline.
The notes will price and settle in October.
Morgan Stanley & Co. Inc. is the agent.
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