Morgan Stanley plans principal at risk notes linked to S&P 500

By Marisa Wong

Madison, Wis., Jan. 6 – Morgan Stanley plans to price 0% market-linked principal at risk securities due Jan. 29, 2021 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, subject to a maximum payment of $1,500 to $1,600 per $1,000 principal amount.

If the index falls, investors will lose 1% for every 1% decline up to 10%. The minimum payout is $900 per note.

Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.

The notes will price on Jan. 27 and settle on Jan. 30.

The Cusip number is 61761JVY2.

© 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.