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Morgan Stanley plans 90% protected notes linked to currency basket
By Susanna Moon
Chicago, Jan. 30 - Morgan Stanley plans to price 0% currency-linked partial principal at risk securities due February 2019 linked to a basket of four equally weighted currencies relative to the U.S. dollar, according to an FWP filing with the Securities and Exchange Commission.
The underlying currencies are the Australian dollar, Canadian dollar, Singapore dollar and Swiss franc.
The payout at maturity will be par plus 205% of any basket gain.
If the basket falls, the payout will be par plus the return, with a minimum payout of 90% of par.
Morgan Stanley & Co. LLC is the agent.
The notes will settle in February.
The Cusip number is 61746BDP8.
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