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Morgan Stanley to price six-year jump notes linked to gold
By Angela McDaniels
Tacoma, Wash., April 3 - Morgan Stanley plans to price 0% jump notes due April 30, 2018 linked to the performance of gold, according to an FWP filing with the Securities and Exchange Commission.
If the final price of gold is greater than the initial price of gold, the payout at maturity will be par plus the greater of the gold return and 30%, subject to a maximum return of 60%. If the final price is less than or equal to the initial price, the payout will be par.
The notes (Cusip: 617482N26) will price April 25 and settle April 30.
Morgan Stanley & Co. LLC is the agent.
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