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Morgan Stanley plans U.S. inflation index-linked range notes
By Angela McDaniels
Tacoma, Wash., Jan. 8 - Morgan Stanley plans to price floating-rate non-callable U.S. inflation index-linked range notes due Jan. 23, 2012, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly. For the first six months, interest will equal 10% per year. Beginning July 23, 2009, interest will equal 10% per year for each month that the year-over-year change in the Consumer Price Index is at least 0% and not more than 7%. If the year-over-year change is negative or greater than 7%, no interest will be paid for that month.
The payout at maturity will be par.
The notes are expected to price in January and settle Jan. 23.
Morgan Stanley & Co. Inc. is the agent.
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