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Morgan Stanley plans trigger PLUS tied to Bloomberg Commodity index
By Marisa Wong
Madison, Wis., Dec. 8 – Morgan Stanley plans to price 0% trigger Performance Leveraged Upside Securities due January 2020 linked to the Bloomberg Commodity index, according to an FWP 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 plus 116% of the index return. If the final index level is less than or equal to the initial index level but greater than or equal to the trigger level, 75% of the initial index level, the payout will be par. If the final index level is less than the trigger level, investors will lose 1% for every 1% that the final index level is less than the initial index level.
Morgan Stanley & Co. LLC is the agent.
The notes will price in December and settle in January.
The Cusip number is 61762GCR3.
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