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Morgan Stanley plans 0% buffered PLUS linked to S&P GSCI Brent Crude
By Susanna Moon
Chicago, July 14 - Morgan Stanley plans to price 0% buffered Performance Leveraged Upside Securities due Jan. 27, 2012 based on the performance of the S&P GSCI Brent Crude Index - Excess Return, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus double any index gain, up to a maximum payment of $12.05 to $12.75 per note. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
The notes will price on July 22 and settle on July 27.
Morgan Stanley & Co. Inc. is the agent.
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