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Morgan Stanley plans contingent return notes linked to Russell 2000
By Susanna Moon
Chicago, April 3 - Morgan Stanley plans to price 0% contingent return optimization securities due Oct. 30, 2015 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above the 75% trigger level, the payout at maturity will be par of $10 plus the greater of the 6% contingent return and any index gain, up to a maximum return of 30% to 36%. The exact cap will be set at pricing.
Otherwise, investors will be fully exposed to any losses if the index falls by more than 25%.
Morgan Stanley & Co. LLC is the agent, and UBS Financial Services Inc. is the dealer.
The notes will price on April 25 and settle on April 30.
The Cusip number is 61762E125.
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