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Morgan Stanley plans 0% buffered PLUS on DJ-UBS Commodity via JPMorgan
By Susanna Moon
Chicago, June 29 - Morgan Stanley plans to price 0% buffered Performance Leveraged Upside Securities due Jan. 12, 2012 based on the Dow Jones - UBS Commodity Index 3 Month Forward, according to an FWP filing with the Securities and Exchange Commission.
JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc. are the agents.
The payout at maturity will be par plus 1.175 times any index gain, up to a maximum payment of $1,176.25 per $1,000 principal amount.
Investors will receive par if the index falls by up to 15% and will lose 1.176% for each 1% decline beyond 15%.
The notes will price on July 2 and settle on July 12.
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