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Morgan Stanley plans buffered PLUS linked to Euro Stoxx 50 index
By Jennifer Chiou
New York, Aug. 8 - Morgan Stanley plans to price 0% buffered Performance Leveraged Upside Securities due August 2016 linked to the Euro Stoxx 50 index, according to an FWP 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 payout of $14.50 to $14.80 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%.
The notes (Cusip: 61762P534) are expected to price and settle in August.
Morgan Stanley & Co. LLC is the agent with Morgan Stanley Smith Barney LLC as the dealer.
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