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Morgan Stanley intends to price PLUS due 2019 linked to S&P 500 index
By Devika Patel
Knoxville, Tenn., Sept. 1 – Morgan Stanley Finance LLC plans to price 0% Performance Leveraged Upside Securities due Jan. 3, 2019 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.
The payout at maturity will be par of $10 plus triple any gain in the index, up to a maximum payout of 11.25%.
Investors will lose 1% for each 1% decline of the index from its initial level.
Morgan Stanley & Co. LLC is the agent, with Morgan Stanley Wealth Management handling distribution.
The notes (Cusip: 61766X780) will price on Sept. 15 and settle on Sept. 20.
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