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Morgan Stanley plans to price PLUS with 50% cap linked to S&P 500
By Toni Weeks
San Luis Obispo, Calif., July 3 - Morgan Stanley plans to price 0% Performance Leveraged Upside Securities due July 2016 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 $10.00 plus double any index gain, up to a maximum payout of $15 per note.
Investors will be exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
The notes (Cusip: 61762P187) will price in July and settle three days later.
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