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Morgan Stanley plans to price PLUS linked to WTI light sweet crude oil
By Marisa Wong
Madison, Wis., Nov. 7 – Morgan Stanley plans to price 0% Performance Leveraged Upside Securities due May 2015 linked to the West Texas Intermediate light sweet crude oil, according to an FWP with the Securities and Exchange Commission.
If the commodity price finishes above the initial price, the payout at maturity will be par plus 150% of the gain.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
The notes will price and settle in November.
The Cusip number is 61762GCK8.
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