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Morgan Stanley to price barrier return rebate CDs linked to Nasdaq 100 for Wells Fargo
By Angela McDaniels
Tacoma, Wash., April 1 - Morgan Stanley & Co. Inc. plans to price barrier return rebate certificates of deposit due Oct. 30, 2012 linked to the Nasdaq 100 index for Wells Fargo Bank, NA, according to an FWP filing with the Securities and Exchange Commission.
If the index never closes above the threshold level during the life of the notes, the payout at maturity will be par plus any index gain. Otherwise, the payout will be par plus 3.5%.
The threshold level is expected to be 140% to 150% of the initial index level and will be set at pricing.
The CDs will price April 23.
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