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Morgan Stanley plans contingent coupon notes linked to currencies
By Jennifer Chiou
New York, April 10 - Morgan Stanley plans to price contingent coupon currency-linked notes due April 28, 2017 linked to equal weights of the Australian dollar, Brazilian real, Canadian dollar and Russian ruble relative to the U.S. dollar, according to an FWP with the Securities and Exchange Commission.
If the basket appreciates or stays flat relative to the U.S. dollar on a coupon determination date, the payout on that annual contingent coupon payment date will be 11% per year.
The payout at maturity will be par.
The notes (Cusip: 617482SM7) will price on April 25 and settle on April 30.
Morgan Stanley & Co. LLC is the agent.
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