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Morgan Stanley plans leveraged buffered notes linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., June 4 – Morgan Stanley plans to price 0% securities with leveraged upside participation to a cap and fixed percentage buffered downside due Jan. 7, 2019 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 150% of the gain, subject to a maximum return that is expected to be 37% to 42% and will be set at pricing. Investors will receive par if the index decreases by up to 10% and will lose 1% for every 1% that the index declines beyond 10%.
Morgan Stanley & Co. LLC and Wells Fargo Securities LLC are the agents.
The notes will price June 30 and settle July 6.
The Cusip number is 61761JZP7.
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