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Morgan Stanley plans buffered jump securities linked to S&P 500 index
By Devika Patel
Knoxville, Tenn., Nov. 9 – Morgan Stanley Finance LLC plans to price 0% buffered jump securities due May 16, 2019 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the 16.45% upside payment.
Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
Morgan Stanley & Co. LLC is the agent.
The notes (Cusip: 61766F532) will price on Nov. 11 and settle on Nov. 16.
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