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Morgan Stanley – FTSE Protected Growth Plan

Type: Capital protected bond

Aim: Growth linked to the performance of the FTSE 100 index

Minimum-maximum investment: £5,000-£1m, £3,000-£7,000 Isa

Term: Six years

Guarantee: Original capital returned in full regardless of performance in index

Return: 25% growth at end of three years if index grows by 25% or more, up to 100% growth at end of term

Closing date: June 20, 2003

Commission: Initial 3%

Tel: 020 7425 9000

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