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Morgan Stanley plans buffered PLUS with 29%-33% cap on Euro Stoxx
By Marisa Wong
Madison, Wis., Jan. 7 - Morgan Stanley plans to price 0% buffered Performance Leveraged Upside Securities due January 2015 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus double any index gain, up to a maximum payment of $12.90 to $13.30 per note. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% drop beyond 10%.
Morgan Stanley & Co. LLC is the agent.
The notes will price in January and settle in February.
The Cusip is 61761M326.
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