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Morgan Stanley Bank to price five-year market-linked CDs on MAP Trend
By Marisa Wong
Morgantown, W.Va., Sept. 24 – Morgan Stanley Bank, NA plans to price 0% market-linked certificates of deposit due Sept. 28, 2023 linked to the Morgan Stanley MAP Trend index, according to a term sheet.
The payout at maturity will be par plus 250% to 270% of the index return, subject to a minimum payout of par.
Morgan Stanley & Co. LLC is the agent. Incapital LLC is distributor.
The CDs will price Sept. 25.
The Cusip number is 61765QJN0.
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