Morgan Stanley plans four-year buffered jump notes on index, two funds

By Susanna Moon

Chicago, Nov. 12 - Morgan Stanley plans to price 0% buffered jump securities due Nov. 26, 2014 based on an equally weighted basket of one index and two exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying components are the iShares MSCI Emerging Markets index fund, the iShares MSCI EAFE index fund and the S&P 500 index.

If the basket finishes at or above its initial level, the payout at maturity will be par plus any gain in the basket, with a minimum 28% to 32% upside payment. The exact percentage will be set at pricing.

Investors will receive par if the basket declines by up to 15% and will share in losses beyond 15%.

The notes (Cusip 617482PL2) will price and settle in November.

Morgan Stanley & Co. Inc. is the agent.

© 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.