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Morgan Stanley plans PLUS with cap linked to SPDR S&P Oil & Gas fund
By Susanna Moon
Chicago, Oct. 16 – Morgan Stanley plans to price 0% Performance Leveraged Upside Securities due Feb. 2, 2017 based on the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any fund gain, up to a maximum return of 33.15%.
Investors will be exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Oct. 30 and settle on Nov. 4.
The Cusip number is 61765R776.
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