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Morgan Stanley plans buffered jump securities linked to S&P 500
By Toni Weeks
San Diego, Aug. 31 - Morgan Stanley plans to price 0% buffered jump securities due Sept. 14, 2015 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index value is greater than the initial index value, the payout at maturity will be par plus the greater of the index return and an upside payment of 40%, or $400 per $1,000 security.
Investors will receive par if the index declines by up to 20% and will be exposed to losses beyond 20%.
The notes (Cusip: 617482XU3) are expected to price Sept. 9 and settle Sept. 14.
Morgan Stanley & Co. LLC is the agent.
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