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Morgan Stanley to price trigger jump notes linked to salesforce.com
By Angela McDaniels
Tacoma, Wash., March 5 – Morgan Stanley plans to price 0% trigger jump securities due March 16, 2017 linked to the common stock of salesforce.com, inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock return is positive or zero, the payout at maturity will be par of $10 plus 31.5%. Investors will receive par if the stock declines by 10% or less and will be exposed to losses from the initial share price if the stock declines by more than 10%.
Morgan Stanley & Co. LLC is the agent.
The notes are expected to price March 13 and settle March 18.
The Cusip number is 61764V422.
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