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Morgan Stanley plans market plus notes on Stoxx Europe 600 Real Estate
By Marisa Wong
Morgantown, W.Va., Nov. 18 – Morgan Stanley plans to price 0% market plus notes due May 31, 2017 linked to the Stoxx Europe 600 Real Estate index, according to an FWP filing with the Securities and Exchange Commission.
A knock-out event occurs if the index finishes below the initial level by more than the 13% knock-out buffer amount.
If a knock-out event does not occur, the payout at maturity will be par plus the greater of the contingent minimum return of 0% and the index return.
If a knock-out event occurs, the payout will be par plus the index return, with full exposure to any losses.
Morgan Stanley & Co. LLC is the agent with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.
The notes will price on Nov. 20 and settle on Nov. 25.
The Cusip number is 61761JQ85.
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