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Morgan Stanley to price enhanced trigger jump notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Aug. 31 - Morgan Stanley plans to price 0% uncapped enhanced trigger jump securities due September 2017 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than the downside threshold value, the payout at maturity will be par of $10 plus the greater of the fixed percentage, which is expected to be 38% to 43% and will be set at pricing, and the index return. The downside threshold value will be 65% of the initial index level.
If the final index level is less than or equal to the downside threshold value, investors will be fully exposed to the index's decline from the initial level.
The notes are expected to price in September and settle in October.
Morgan Stanley & Co. LLC is the agent.
The Cusip number is 61755S602.
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