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Morgan Stanley to price one-year knock-out notes linked to platinum
By Susanna Moon
Chicago, Nov. 13 – Morgan Stanley plans to price 0% knock-out notes due Dec. 2, 2015 linked to the price of platinum, according to a 424B2 filing with the Securities and Exchange Commission.
If the price of platinum finishes at or above the 85% knock-out level, the payout at maturity will be par plus the greater of 5% and the platinum return, up to a maximum return of 15.05%.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent, and J.P. Morgan Securities LLC is the dealer.
The notes will price on Nov. 14.
The Cusip number is 61762GCL6.
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