Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Morgan Stanley Bank NA > News item |
Morgan Stanley to sell market-linked dual directional CDs on MAP Trend
By Marisa Wong
Morgantown, W.Va., Feb. 22 – Morgan Stanley Bank, NA plans to price 0% market-linked dual directional certificates of deposit due March 4, 2024 linked to the Morgan Stanley MAP Trend index, according to a term sheet.
The payout at maturity will be par plus at least 167% of any index gain. If the index finishes flat or falls, the payout will be par plus the absolute value of the index return.
Morgan Stanley & Co. LLC is the agent. Advisors Asset Management is distributor.
The CDs will price on Feb. 28.
The Cusip number is 61765QPJ2.
© 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.