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Morgan Stanley plans enhanced buffered jump notes linked to Russell
By Susanna Moon
Chicago, Nov. 14 – Morgan Stanley Finance LLC plans to price 0% enhanced buffered jump securities due May 29, 2020 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the index finishes at or above the downside threshold level, 80% of the initial index level, the payout at maturity will be par plus 17.5%.
Otherwise, investors will lose 1% for each 1% decline beyond 20%.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Nov. 23 and settle on Nov. 29.
The Cusip number is 61768CBQ9.
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