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Morgan Stanley plans market-linked notes due 2015 linked to S&P 500
By Susanna Moon
Chicago, March 5 - Morgan Stanley plans to price 0% market-linked notes due Sept. 30, 2015 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum payment of $1,700 to $1,840 per $1,000 principal amount. The exact cap will be set at pricing.
Investors will receive at least 103.5% of par.
Morgan Stanley & Co. LLC is the agent.
The notes will price on March 27 and settle on March 30.
The Cusip number is 617482G81.
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