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Morgan Stanley plans to price PLUS linked to S&P GSCI Brent Crude
By Jennifer Chiou
New York, Sept. 2 - Morgan Stanley plans to price 0% Performance Leveraged Upside Securities due July 2012 linked to the S&P GSCI Brent Crude Index-Excess Return, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any index gain, capped at 47% to 42%. The exact cap will be set at pricing.
Investors will share in any losses.
The notes (Cusip: 617482NJ9) are expected to price and settle in September.
Morgan Stanley & Co. Inc. is the agent.
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