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Morgan Stanley to price trigger jump securities linked to S&P 500
By Jennifer Chiou
New York, Dec. 15 - Morgan Stanley plans to price 0% trigger jump securities due December 2016 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the greater of the index return and the upside payment of $7.10 to $7.50 per $10 security. The exact upside payment will be set at pricing.
Investors will receive par if the index declines by up to 50% and will be exposed to losses from the initial level if the index declines by more than 50%.
The notes (Cusip: 61760T280) are expected to price and settle in December.
Morgan Stanley & Co. LLC is the agent.
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