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Morgan Stanley to price buffered jump securities linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Nov. 28 - Morgan Stanley plans to price 0% buffered jump securities due Dec. 27, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the greater of 16% and the index return. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes (Cusip: 617482E42) will price Dec. 22 and settle Dec. 28.
Morgan Stanley & Co. LLC is the agent.
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