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Morgan Stanley plans 22- to 25-month buffered digital notes on Russell 2000
By Wendy Van Sickle
Columbus, Ohio, Nov. 3 – Morgan Stanley plans to price 0% buffered digital notes linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will mature between 22 and 25 months after pricing.
If the index finishes at or above 85% of the initial level, the payout at maturity will be the maximum settlement amount of $1,104.40 to $1,122.70 per $1,000 principal amount.
If the index falls by more than 15%, investors will lose 1.765% for each 1% decline beyond 15%.
Morgan Stanley & Co. LLC is the agent.
The Cusip number is 61768CBL0.
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