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Morgan Stanley plans trigger performance securities on Bloomberg Commodity 3 Month Forward
By Jennifer Chiou
New York, March 4 – Morgan Stanley plans to price 0% trigger performance securities due March 31, 2020 linked to the Bloomberg Commodity Index 3 Month Forward, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 108% to 118% of any index gain.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.
The notes (Cusip: 61764V398) will price on March 26 and settle on March 31.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
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