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Morgan Stanley plans trigger PLUS tied to basket of six commodities
By Jennifer Chiou
New York, July 2 – Morgan Stanley plans to price 0% trigger Performance Leveraged Upside Securities due January 2016 linked to a basket of commodities, according to an FWP with the Securities and Exchange Commission.
The basket commodities are RBOB gasoline with a 27.5% weight, West Texas Intermediate light sweet crude oil with a 27.5% weight, soybeans with a 16.9% weight, copper with a 12.5% weight, palladium with a 10% weight and cotton with a 5.6% weight.
The payout at maturity will be par plus 215% of any basket gain.
Investors will receive par if the basket falls by up to 15% and will be fully exposed to any losses if the basket finishes below the 85% trigger level.
The notes (Cusip: 61762GBV5) are expected to price and settle in July.
Morgan Stanley & Co. LLC is the underwriter.
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