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Morgan Stanley plans two-year jump notes linked to Energy Select SPDR
By Susanna Moon
Chicago, Jan. 5 – Morgan Stanley plans to price 0% jump securities due Jan. 25, 2018 linked to the Energy Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.
If the fund finishes at or above the initial level, the payout at maturity will be par of $10 plus the 28.75% upside payment.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Jan. 20 and settle on Jan. 25.
The Cusip number is 61765U563.
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