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Morgan Stanley plans 90% protected notes linked to DJ-UBS commodity
By Susanna Moon
Chicago, June 7 - Morgan Stanley plans to price 0% equity-linked partial principal at risk securities due June 2020 linked to the Dow Jones - UBS Commodity index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 115% to 130% of any index gain, with the exact participation rate to be set at pricing.
If the index falls, investors will receive par plus the index return, with a minimum payout of 90% of par.
Morgan Stanley & Co. LLC is the agent, with Morgan Stanley Smith Barney LLC as dealer.
The notes will price in June and settle in July.
The Cusip number is 6174824Z4.
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