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Morgan Stanley to price buffered jump securities linked to S&P 500
By Jennifer Chiou
New York, Aug. 23 - Morgan Stanley plans to price 0% buffered jump securities due Aug. 31, 2015 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
If the final index value is greater than the initial index value, the payout at maturity will be par plus the greater of the index performance and the upside payment of 40%.
Investors will receive par if the index declines by up to 20% and will lose 1% for every 1% drop beyond 20%.
The notes (Cusip: 617482XQ2) are expected to price on Aug. 26 and settle on Aug. 31.
Morgan Stanley & Co. LLC is the agent.
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