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Morgan Stanley plans to price PLUS due 2017 tied to S&P Oil & Gas ETF
By Tali Rackner
Norfolk, Va., Nov. 20 – Morgan Stanley plans to price 0% Performance Leveraged Upside Securities due March 3, 2017, linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus three times the index return, subject to a maximum return of 35.25%.
Investors will be exposed to losses if the index declines.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Nov. 30 and settle on Dec. 3.
The Cusip number is 61765U209.
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