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Morgan Stanley plans to price PLUS due June 2014 linked to S&P 500
By Jennifer Chiou
New York, May 3 - Morgan Stanley plans to price 0% Performance Leveraged Upside Securities due June 2014 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus triple any index gain, up to a maximum payout of $11.07 to $11.27 per note. The exact cap will be set at pricing.
Investors will share in any losses.
The notes (Cusip: 61762E315) are expected to price in May and settle in June.
Morgan Stanley & Co. LLC is the agent.
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