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Morgan Stanley plans to price trigger PLUS tied to S&P 500 index
By Toni Weeks
San Diego, Sept. 29 - Morgan Stanley plans to price 0% trigger Performance Leveraged Upside Securities due September 2014 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 144% to 154% of any gain in the index. The exact leveraged upside payment will be determined at pricing.
Investors will receive par if the index falls up to 35% and will be fully exposed to losses from the initial level if it drops more than 35%.
The notes (Cusip: 61760P858) are expected to price and settle in September.
Morgan Stanley & Co. LLC is the agent.
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