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Morgan Stanley plans five-year buffered jump securities linked to Dow
By Susanna Moon
Chicago, Feb. 2 – Morgan Stanley plans to price 0% buffered jump securities due Feb. 26, 2021 linked to the Dow Jones industrial average, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus the greater of the gain and the upside payment of 30%.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Feb. 24 and settle on Feb. 29.
The Cusip number is 61761JW21.
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