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Morgan Stanley plans four-year trigger jump notes on indexes, funds
By Marisa Wong
Madison, Wis., Nov. 15 - Morgan Stanley plans to price 0% enhanced trigger jump securities due November 2016 linked to the S&P 500 index with a 40% weight, the Russell 2000 index with a 20% weight, the iShares MSCI EAFE index fund with a 20% weight, the iShares MSCI Emerging Markets index fund with a 10% weight and the iShares FTSE China 25 index fund with a 10% weight, according to an FWP filing with the Securities and Exchange Commission.
If the basket finishes above 70% of the initial level, the payout at maturity will be par plus the greater of the basket return and the fixed percentage of 20.5% to 22.5%.
If the basket falls to or below the 70% downside threshold level, investors will be fully exposed to losses.
The exact terms will be set at pricing.
The notes (Cusip: 61761H756) are expected to price and settle in November.
Morgan Stanley & Co. LLC is the agent.
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