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Morgan Stanley to price capped leveraged notes linked to S&P Banks
By Angela McDaniels
Tacoma, Wash., July 18 – Morgan Stanley Finance LLC plans to price 18- to 21-month 0% capped leveraged notes linked to the S&P Banks Select Industry 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 300% of the index return, subject to a maximum return of 30%. If the index return is negative, investors will have one-to-one exposure to the decline.
Morgan Stanley & Co. LLC is the agent.
The notes are expected to price and settle in July.
The Cusip number is 61766BBN0.
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