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Morgan Stanley plans equity-linked notes with cap, floor on S&P 500
By Susanna Moon
Chicago, June 30 - Morgan Stanley plans to price 0% equity-linked notes due July 28, 2017 tied to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of $1,600 to $1,700 per $1,000 principal amount. The exact cap will be set at pricing.
If the index falls, the payout will be $1,060 per $1,000 principal amount.
Morgan Stanley & Co. Inc. is the agent.
The notes will price on July 25 and settle on July 28.
The Cusip is 617482WK6.
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