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Morgan Stanley to price capped leveraged notes tied to Russell 2000
By Marisa Wong
Morgantown, W.Va., March 26 – Morgan Stanley Finance LLC plans to price 0% capped leveraged notes with a term of 22 to 25 months linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus triple any index gain, up to a maximum settlement amount of $1,215.70 to $1,253.50 per $1,000 principal amount.
Investors will be exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
The Cusip number is 61768CM95.
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