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Morgan Stanley plans PLUS with 11% cap linked to S&P 500 index
By Marisa Wong
Madison, Wis., Feb. 4 - Morgan Stanley plans to price 0% Performance Leveraged Upside Securities due March 2015 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 triple any index gain, up to a maximum payment of $11.10 per note.
Investors will be fully exposed to losses if the index declines.
Morgan Stanley & Co. LLC is the agent.
The notes are expected to price in February and settle in March.
The Cusip number is 61760S258.
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