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Morgan Stanley plans buffered jump notes due 2015 linked to S&P 500
By Susanna Moon
Chicago, Sept. 16 - Morgan Stanley plans to price 0% buffered jump securities due March 2015 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par of $10 plus the greater of the index return and the upside payment of 34% to 39%. The exact percentage will be set at pricing.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
Morgan Stanley & Co. LLC is the agent.
The notes will price and settle in September
The Cusip number is 61760P767.
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