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Morgan Stanley plans buffered return notes tied to iShares MSCI EM
By Marisa Wong
Madison, Wis., March 5 - Morgan Stanley plans to price 0% buffered return optimization securities due March 31, 2014 linked to the iShares MSCI Emerging Markets index fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any gain in the fund, up to a maximum return of 22% to 27% that will be set at pricing.
Investors will receive par if the shares fall by up to 15% and will lose 1% for each 1% decline beyond 15%.
The securities (Cusip: 61760T520) will price on March 27 and settle on March 30.
Morgan Stanley & Co. Inc. is the underwriter, with UBS Financial Services Inc. as the dealer.
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