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Morgan Stanley plans trigger PLUS tied to basket of five commodities
By Jennifer Chiou
New York, Oct. 9 – Morgan Stanley plans to price 0% trigger Performance Leveraged Upside Securities due April 2015 linked to a basket of equally weighted commodities, according to an FWP with the Securities and Exchange Commission.
The basket components are West Texas Intermediate light sweet crude oil, copper, platinum, milk futures contracts and live cattle futures contracts.
The payout at maturity will be par plus 180% of any basket gain.
Investors will receive par if the basket falls by up to 10% and will be fully exposed to any losses if the basket finishes below the 90% trigger level.
The notes (Cusip: 61762GCF9) will price and settle in October.
Morgan Stanley & Co. LLC is the underwriter.
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