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Morgan Stanley plans capped leveraged notes linked to S&P 500 index
By Wendy Van Sickle
Columbus, Ohio, Jan. 12 – Morgan Stanley Finance LLC plans to price 20- to 23-month 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 be guaranteed by Morgan Stanley.
If the index return is positive, the payout at maturity will be par plus triple the index return, subject to a maximum settlement amount of $1,232.20 to $1,273.00 per $1,000 of notes. Investors will lose 1% for every 1% decline.
The exact maturity and cap will be set at pricing.
Morgan Stanley & Co. LLC is the agent.
The Cusip number is 61768CDY0.
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