Morgan Stanley offers Brazil with a 60% barrier

Bonds from Brazil

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This four-year investment is linked to the iShares MSCI Brazil Capped Index Fund and pays returns of 1.1 times the growth in the fund over the product term. For example, if the fund has risen 10% at maturity, the product will pay a return of 11% in addition to principal. Fund performance is measured by the percentage difference between the initial and final fund levels. Principal is at risk if the final-level barrier of 60% is breached, at which point it would be lost at the rate of 1:1 for any

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