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Morgan Stanley plans buffered PLUS tied to Energy Select Sector SPDR
By Wendy Van Sickle
Columbus, Ohio, Oct. 14 – Morgan Stanley plans to price 0% buffered Performance Leveraged Upside Securities due Nov. 4, 2020 based on the Energy Select Sector SPDR Fund, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 111% of the index return. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% the index declines beyond 20%.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Oct. 30 and settle on Nov. 4.
The Cusip number is 61765R750.
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