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Morgan Stanley plans accelerated return securities tied to the Dow
By Sarah Lizee
Olympia, Wash., June 7 – Morgan Stanley Finance LLC plans to price 0% accelerated return securities due June 28, 2024 linked to the Dow Jones industrial average, according to an FWP filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the index return is positive, the payout at maturity will be par plus at least 113.5% of the index return. The exact leverage factor will be set at pricing.
Investors will receive par if the index declines by 30% or less and will lose 1% for every 1% that it declines beyond 30%.
Morgan Stanley & Co. LLC is the agent.
The notes will price June 25.
The Cusip number is 61769HGR0.
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