| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for Energy Select Sector SPDR fund > News item |
Morgan Stanley plans trigger PLUS due 2017 linked to Energy Select SPDR
By Susanna Moon
Chicago, Oct. 23 – Morgan Stanley plans to price 0% trigger Performance Leveraged Upside Securities due May 2017 linked to the Energy Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.
If the fund finishes above its initial level, the payout at maturity will be par of $10 plus 200% of the gain, up to a maximum return of 38.5%.
If the fund falls by up to the 80% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the underwriter.
The notes will price in October and settle in November.
The Cusip number is 61764C465.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.