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Morgan Stanley to price jump securities linked to MSCI India index
By Angela McDaniels
Tacoma, Wash., Aug. 25 - Morgan Stanley plans to price 0% jump securities due Oct. 27, 2010 linked to the MSCI India index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial level, the payout at maturity will be par of $10 plus an upside payment of 18% to 22% that will be set at pricing.
If the final index level is less than the initial level, investors will be fully exposed to the decline.
The notes will price and settle in September.
Morgan Stanley & Co. Inc. is the agent.
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