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Morgan Stanley plans buffered performance notes linked to S&P 100
By Angela McDaniels
Tacoma, Wash., Feb. 8 - Morgan Stanley plans to price 0% buffered performance securities due August 2013 linked to the S&P 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10.00 plus 104% of the increase.
If the final level is 95% to 100% of the initial level, the payout will be par plus the index return.
If the final level is less than 95% of the initial level but at least 70% of the initial level, the payout will be $9.50 per note.
If the final index level is less than 70% of the initial level, the payout will be par plus the index return plus 25%. This will result in a payment that is less than par.
The notes (Cusip: 61760E606) will price and settle in February.
Morgan Stanley & Co. Inc. is the agent.
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