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Morgan Stanley plans capped leveraged notes due 2017 tied to S&P 500
By Susanna Moon
Chicago, July 24 – Morgan Stanley plans to price 0% capped leveraged notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will mature between 18 and 21 months after pricing, or in February 2017 to May 2017, with the exact deal terms to be set at pricing.
The payout at maturity will be par plus double any index gain, up to a maximum return of 16.2% to 19%.
Investors will be exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
The notes will price in July and settle in August.
The Cusip number is 61761JD63.
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