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Morgan Stanley plans to price PLUS linked to S&P 500 index
By Toni Weeks
San Luis Obispo, Calif., April 2 – Morgan Stanley plans to price 0% Performance Leveraged Upside Securities due April 20, 2017 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum return of 18.5% to 22.5% that will be set at pricing. Investors will be exposed to any losses if the index declines.
Morgan Stanley & Co. LLC is the agent.
The notes will settle on April 20.
The Cusip number is 61761JYF0.
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