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Morgan Stanley redeems $3.32 million contingent income notes on S&P GSCI Brent Crude index
By Marisa Wong
Madison, Wis., May 2 - Morgan Stanley said it redeemed its $3,321,000 of outstanding contingent income autocallable securities due Jan. 31, 2012 linked to the S&P GSCI Brent Crude Index-Excess Return in full on April 29.
The securities (Cusip: 617482QP2) were redeemed at 102.5, which includes a 2.5% contingent quarterly payment.
The Bank of New York Mellon was the redemption agent.
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