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Morgan Stanley to price leveraged buffered notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., July 10 – Morgan Stanley Finance LLC plans to price 24- to 27-month 0% leveraged buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is positive, the payout at maturity will be par plus 150% of the gain, subject to a maximum settlement amount that is expected to be $1,165.00 to $1,193.50 per $1,000 principal amount. Investors will receive par if the index declines by up to 10% and will lose 1.1111% for every 1% that the index may decline beyond 10%.
The exact maturity date and maximum settlement amount will be set at pricing.
Morgan Stanley & Co. LLC is the agent.
The Cusip number is 61768CMM6.
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