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Morgan Stanley plans contingent income autocallables linked to S&P GSCI Crude Oil index
By Jennifer Chiou
New York, Feb. 2 – Morgan Stanley plans to price contingent income autocallable securities due August 2015 linked to the S&P GSCI Crude Oil Index - Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will pay a contingent monthly coupon of 27% per year if the index closes at or above the 80% barrier level on the determination date for that month. Otherwise, no coupon will be paid for that month.
If the index closes at or above 95% of the initial level on any determination date, the notes will be called at par plus the contingent coupon.
If the notes are not called and the index finishes at or above the 80% barrier level, the payout at maturity will be par plus the contingent payment.
Otherwise, investors will share in any losses.
The notes (Cusip: 61762GDC5) will price on in February.
Morgan Stanley & Co. LLC is the agent.
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